Ryan, as Justin just pointed out, most states, if not all, including CA, state that any contract is assignable (even if it does not satte "and/or assigns") UNLESS the contract specifically states otherwise.So, if your contract did not state that, "this contract may not be assigned without the written consent of the seller", then your buyer did not violate any rules or laws or the contract and you must comply.

In settling thiscase, Piccolo, Cottrell and Roberts neither admitted nor denied the Commission’s findings, but agreed tothe entry of the consent orders.In a separate case, the Commission issued a default order against Wayne Scott Clague of Phoenix,requiring him to pay $1,076,000 in restitution and a $50,000 penalty for defrauding six investors in anunregistered real estate investment program.

According to Wikipedia, you would need consent, though - http://en.wikipedia.org/wiki/Telephone_recording_laws#United_StatesJust something to keep in mind.Maybe this can all be used as a learning opportunity for all (perhaps even a good opportunity to bring some new people over to BP where they can learn how to do things the right way).....

Luiz,Regarding back to back, you can still do them with revocable living trusts which are a bit different from land trusts.I fund clients who do these back to backs even to fha buyers.So if you find buyers who qualify for a loan, this would be a good strategy to go with.Contact me if you have any questions.Thanks,Duane.

If someone sells a property and takes back a note, then takes a deed in lieu, then holds the property out again as a seller financed deal, the last borrower could well ask why was the note assumable with reasonable consent by the note holder for their marketing effort.

First, by putting up with the excuses you are actually making the situation acceptable to them, is like you are consenting due to your actions.

Upon the day of possession he makes an non-refundable down payment of $39,500 for consent to have work performed on the property.

Secondly, adding a name to the contarct may get denied, and finally, if you disclose that you are selling to another buyer (flipping), the bank will most likely say no and deny you, otherwise, they would just allow the assignment of contract.The better way to flip the deal is either double close and pay the transaction fees (you should have enough room in the deal to cover this or you don't have a good deal to start) and the other best option is to use a trust - NO, NOT a land trust, but a revocable trust.

Hi, yes, my plan, which was not necessary, was to make the listing agent to allow my agent to verify the contract through the listing broker with consent of the seller, they could have balckened out the name of the buyers.

Without consent being given, they can't charge you.