Closing Help!

[Kyle Holsey]

Ok i have a house under contract, and i have buyer already who i am going to assign the contract to..My question is when i assign the contract to the buyer and he pays me $1000 deposit does he pay the money to my title company? and if my title company holds all the funds who does my check come from at the closing my buyer or the title company? also do we all all close on the property at one time ? ( me, my buyer, and seller)

Thanks

[Scott Hinkle]

Hello Kyle

Sorry, I neglected to answer the last part of your post.

When you have executed an assignment contract between you and the end buyer you are not obligated to be present at the closing because all of your obligations and requirements have been passed on to your buyer. I personally attend all closings and stay involved even after the assignment because I just want to make sure everything goes smoothly and according to plan and my buyer don't feel like I loved them and left them LOL.

Scott