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Updated over 10 years ago on . Most recent reply presented by

Liz S.'s profile image
Liz S.'s profile image
Liz S.
  • Real Estate Investor
  • from Altamonte Springs, FL
  • Member since Jun 5, 2013
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Liz S.'s profile image
Liz S.'s profile image
Liz S.
  • Real Estate Investor
  • from Altamonte Springs, FL
  • Member since Jun 5, 2013
Connect
Liz S.
  • Real Estate Investor
  • Altamonte Springs, FL
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Tax, SDIRAs & Cost Segregation

Assignability and Liability

Liz S.
  • Real Estate Investor
  • Altamonte Springs, FL
Posted

I have a quick question about assignability.  I am working with a seller is allowing the contract to be assigned but I am not released from the liability. Is this big deal?  Why does the seller insist that I not be released from liability?  What does it mean for my end buyer and what does it mean for me once it's all said and done?  I prefer to assign with no liability.

Thank you for any input!

Liz

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