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Updated over 6 years ago,

User Stats

61
Posts
6
Votes
Jeremy Taylor
  • Investor
  • Southern California
6
Votes |
61
Posts

please Help with assignment contract

Jeremy Taylor
  • Investor
  • Southern California
Posted

Im a newer investor and I found a property im going to purchase from a wholesaler. I found the wholesaler off of a bandit sign and he has sent me a few properties. Everything seems legit and he is with a legit company but I've never met him or his company so I just want to make sure im not missing anything. We agreed on a price and he sent me an assignment contract. I read the contract and everything seemed legal and legit to me so I signed it. The next step is to wire the 3% Earnest money deposit to an escrow company with a wells fargo account. As far as I can tell everything seems legit, is there anything I could be missing or that anyone recommends I look out for? I feel good about the money being held in an escrow account until the property closes but its my first assignment on either end so im just trying to make sure im asking all the right questions to protect myself. Any advise is appreciated. 

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