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Updated almost 11 years ago on .
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Assignable Contract?
I agreed to a price with a seller and intend to wholesale the contract. This is the first time I've wholesaled a property, but I have too many rehabs going on right now and just want to unload it. The sellers lawyer used his own contract instead of mine though, and there isn't any language about it being assignable.
My question: Is the contract considered assignable unless stated otherwise? Any other options for wholesaling this property without assigning the contract? I have a message in to the seller asking him why he changed contracts and will discuss adding an assignment clause, but want to know my options if that doesn't work.
I appreciate any advice the BP community can offer. Thanks!