Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 13 years ago on . Most recent reply

User Stats

25
Posts
2
Votes
Travis D.
  • Wholesaler
  • Montclair, NJ
2
Votes |
25
Posts

Question about Assignment Deposit

Travis D.
  • Wholesaler
  • Montclair, NJ
Posted

One other quesiton related to a previous post....

If I'm assigning a contract for a fee of 15k and the buyer gives me 3k upfront, are they not entitle to my rights until the day of closing when I get the balance of the fee? Do they have any say in the Purchase Agreement or any enforcement before that time? Thanks for the feedback.

Most Popular Reply

User Stats

1,981
Posts
659
Votes
Ryan Webber
  • Wholesaler
  • Amarillo, TX
659
Votes |
1,981
Posts
Ryan Webber
  • Wholesaler
  • Amarillo, TX
Replied

I would clarify that just because you are out of the picture legally, you should very much stay in the picture in reference to the title work and closing.

At this point, you become a very well paid babysitter. Its your paycheck, make sure it closes and everything goes smoothly for your buyer and seller.

Loading replies...