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Updated over 4 years ago on . Most recent reply
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Buying from a Wholsealer. Do I get to see the contract?
Quick question for you guys. When you purchase a property from a wholesaler, they send you their assignment agreement to execute. Is it typical for you (as the assignor) to be able to receive and review the initial contract the wholesaler has with the seller?
I have a deal verbally agreed to, the wholesaler sent me their assignment agreement to sign. Looks great to me. I asked them to see the initial contract they have with the seller (the one that I will be assuming) and they seem hesitant to show it. Is that normal? Am I just being overly cautious? I would think I would have a chance to review the contract I’m taking on and will be obligated to fulfill right?
The guy sent me a sample contract and said this is the one we use. It looks totally fine to me but it’s the “the” contract.
Most Popular Reply
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- Lender
- The Woodlands, TX
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@Vincent Plant I never understand why someone would sign an assignment of contract when they never read the subject contract being assigned. I always want to know what I am paying for.
- Don Konipol
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