Worrying.....

[Elizabeth Einecke]

Hi all! I just signed my first contract Monday night with an owner in default. I found an investor to assign the contract to the next day. The more I think about it, the more worried I get.

I used a California Equity Purchase contract which includes everything BUT it does not mention anything about possibly assigning the contract. Since the financing is going to be subject to and the end buyer will be making the payments, I'm worried the seller is going to freak out.

How much will the seller be aware of at the close of escrow? Will they be aware that I am assigning the contract?

If so, I feel like I need to disclose that to the seller. I didn't not disclose it on purpose, I just didn't really think about it until after. Maybe I am worrying over nothing. Any feedback would be appreciated!

Thanks in advance!