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Updated over 9 years ago on . Most recent reply

User Stats

50
Posts
27
Votes
Steve Christensen
  • Wholesaler
  • Saint Ann, MO
27
Votes |
50
Posts

Closing Assignment - Attorney Making Seller Sign Add'l Doc

Steve Christensen
  • Wholesaler
  • Saint Ann, MO
Posted

I am closing my first wholesale deal, and the title company has informed me that the seller has to sign an additional document regarding the assignment of the contract.

Is this standard? My original Purchase and Sale Contract states that the contract is assignable. I didn't know if the seller would see the difference on the HUD form or not, and the seller knows that I was marketing the property for a profit, but I was not expecting this.

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