Short Sale Finders Fee Contract

[Danny Colacicco]

So I recently came across a great property but its a short sale and in speaking with the bank, they dont allow assignments. I know that I can do a double close or purchase in a trust or somthing of that sort, but I was trying to avoid all that. So I went to an investor that Ive worked with before and explained the situation and asked if I put in the deposit for the property and submitted an offer that was accepted, would he be willing to just pay the wholesale fee and just close on the property without me actually ever being involved and he was okay with this.

First question is, should I have the investor sign somthing stopping him from submitting an offer himself on the property as I will be providing him with pictures and details (and perhaps even a tour) of the property to make sure he is def interested prior to submitting an offer myself?

Second question is, is there some kind of contract that should be used that would declare my wholesale fee, ensure he pays the fee, and allow him to take over my offer to the bank? (I dont know if the take over my bid part is necesary as I believe anyone can close regardless of who actually submitted the offer to the bank)

Anyone ever do anything like this??

Thanks in advance!