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Updated about 4 years ago,

User Stats

17
Posts
14
Votes
Chris Gomes
  • Wholesaler
  • Denver, CO
14
Votes |
17
Posts

Who is liable to close in a contract assignment wholesale

Chris Gomes
  • Wholesaler
  • Denver, CO
Posted

If you place a house under contract and attempt to wholesale the deal to another party by assigning the contract to purchase, which party is legally obligated to close? A contract assignment addendum has been signed by both the original buyer and the new assigned buyer, but the new assigned buyer is refusing to close. Is the original intended buyer obligated to close or the new assigned buyer?

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