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Updated about 14 years ago on . Most recent reply

User Stats

265
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41
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Edwin De leon
  • Investor
  • bronx, NY
41
Votes |
265
Posts

Short Sale Option Purchase Sale Agreement Contract Question

Edwin De leon
  • Investor
  • bronx, NY
Posted

I am confused on an appropriate contract for conducting short sales and what clauses should be in there.

What should be put there to protect me as an investor?

Also an assignment clause is it necessary in the option contract when conducting short sales.

1) short sale option purchase sale agreement contract

2) an assignment clause

Most Popular Reply

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758
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251
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Ted Akers
  • Centennial, CO
251
Votes |
758
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Ted Akers
  • Centennial, CO
Replied

Short sales are not assignable, so you do not want one showing up in your contract submitted to the bank. It will just likely kill time. There is also one on my website.

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