Owner financing on an assignment

[Brent Hill]

I have a seller that agreed to owner financing on a property.  I want to assign the contract to a contractor/investor that has already looked at the house and wants to buy it with the terms I have negotiated plus the assignment fee.

Do I just have the seller and buyer setup the note between themeselves and have my buyer sign the assignment contract?  I could have my buyer create a wrap around with me and I could collect the difference but that almost seems too complicated.

Also, have you every collected part of your assigment fee up front and then the remainder in installments?  I was going to collect 5K up front at closing and then the other 5K in two payments.

Thanks!