Obligations after Contract assignment

[Heath Thomas Jr]

Hey Guys, 

Working with a buyer I've never met. He made an offer on a house, but I don't believe he's in the area. He's just having his contractor check the place out for him. 

It scares me a little bit because we have only communicated via email. So my question is: If we assign a contract to him, and he turns out to flake on us. What are my obligations to the seller? Does the assignment nullify my responsibility for "specific performance?"

[Chris Boyd]

No.If that happens, you keep his EMD and out of respect you should visit the seller and apologize. Find another buyer ASAP if seller is ok. Sometimes we have to apologize for other people.