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Updated 7 months ago, 06/05/2024

User Stats

11
Posts
4
Votes
Jon B.
Pro Member
4
Votes |
11
Posts

Sales Involving Assignment Contracts Between Owner and Wholesaler/Investor

Jon B.
Pro Member
Posted

I am a buyer and am not familiar with assignment contracts.  I have come across multiple properties - typically houses that require rehab - where the seller is not the owner of the property but what I believe to be a wholesaler or investor who has been assigned the rights of the property to sell to an end buyer (me) for a (substantial) fee.  Often, the seller in the sales contract is not the owner but the wholesaler/investor.  The owner actually largely remains anonymous and I only deal with the wholesaler/investor.  Are there any considerations I should be aware of and account for when under contract with a property owner who has an assignment contract with a wholesaler/investor?  What kind of due diligence should I be doing to protect myself?

  • Jon B.