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Updated almost 11 years ago on . Most recent reply

User Stats

56
Posts
4
Votes
Bimal Doshi
  • Budd Lake, NJ
4
Votes |
56
Posts

ASSIGNMENT sellers Attorney will not allow

Bimal Doshi
  • Budd Lake, NJ
Posted

This is my first assignment deal, when we are all set to close the deal, the sellers attorney has an issue with the words AND OR ASSIGNS in the purchase contract and would like to speak with my attorney as she thinks there could be tax ramifications.

I am in New Jersey.

Now the attorney I have hired is only to collect the deposit monies from my end buyer for assignment. Not sure if my attorney will be able to field this question from the sellers attorney.

Is there a way to make this deal happen if the sellers attorney will not let me ASSIGN.

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