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Updated almost 10 years ago,

Guy M.'s profile image
Guy M.'s profile image
Guy M.
  • Flipper/Rehabber
  • from Williamsburg, VA
  • Member since Jan 30, 2008
Connect

User Stats

143
Posts
105
Votes
Guy M.'s profile image
Guy M.'s profile image
Guy M.
  • Flipper/Rehabber
  • from Williamsburg, VA
  • Member since Jan 30, 2008
Connect
Guy M.
  • Flipper/Rehabber
  • Williamsburg, VA
105
Votes |
143
Posts
Wholesaling

Contract Assignment & Contract Obligation

Guy M.
  • Flipper/Rehabber
  • Williamsburg, VA
Posted

Example contract verbiage:

"This contract is assignable by Buyer without the written consent of Seller. Assignment does not relieve the parties from their obligations under this contract."

What needs to change here? If the only default remedy for the seller is to keep the buyer's (wholesaler's) earnest money, I don't see a problem with this verbiage.

What do you think?

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