Assignment & Title Company

[Benjamin Jones]

Hello Group. I'm a new REI and anxious to get my first deal on the books. I understand the wholesaling process, but a little cloudy on the assignment mechanics. Ex - Contract is for $120,000 and you find a buyer and assign the contract for a fee of $5,000. ($2,500 dep. & $2,500 at closing). Does the buyer make out the dep. to title company to be held in escrow and bring the remaining $2,500 to closing? I bring the dep. and the assignment contract to the title company. Or does the buyer, in agreement with the fee, agree to purchase the property on the assignment contract for $125,000 and the title company funds the wholesaler and seller at closing? I just send the assignment contract over. Thanks in advance for your help.