_______________________________________________________AssignorDate_______________________________________________________AssigneeDateExample 2:ASSIGNMENTOFCONTRACT TO BUY AND SELL REAL ESTATEFOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are acknowledged, the undersigned (“Assignorâ€) hereby assigns to_____________________________ (“Assigneeâ€), whose address is______________________, all of Assignor’s right, title and interest in and to the Contract to Buy and Sell Real Estate dated ____________, 20__ between ___________________, as Seller, and Assignor, as Buyer, as modified by__________________________________________________________________________________________________ [describe amendments, if any, or insert “no modificationsâ€] (collectively, the “Purchase Agreementâ€), including but not limited to any right Assignor might otherwise have or acquire to return of any earnest money deposited by Assignor.Assignor represents and warrants to Assignee that (1) Exhibit A attached to this Assignment is a true and complete copy of the Purchase Agreement, (2) the Purchase Agreement is in full force and effect and has not been modified in any way (other than by any amendment or modification referred to in the definition of Purchase Agreement above), (3) Assignor’s interest in the Purchase Agreement is free and clear of any prior assignment and of any lien or security interest, (4) Assignor has good right and lawful authority to execute and deliver this Assignment and to assign to Assignee all of Assignor’s interest in the Purchase Agreement, and (5) no party to the Purchase Agreement is presently in default with respect to the performance of such party’s obligations under the Purchase Agreement.By accepting this Assignment, Assignee assumes and agrees to perform all of the obligations of the Buyer under the Purchase Agreement, including but not limited to any obligations to be performed after closing thereunder, and to indemnify Assignor against any loss, claim, damage or expense Assignor may incur by reason of Assignee’s failure to perform the assumed obligations on a timely basis.Signed and delivered as of _________________, 20__ .

Here is an excerpt of the law: “Mortgage Forgiveness Debt Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred to acquire a principal residence.

While any entity can be modified or amended, it's an expense that is not necessary if growing pains are forseen and provided for at the time of formation, you will save time and maybe avoid comliance issues. 6.

Once the buyer has a list of items he requests repairs for after an inspection, I have them sign a contract amendment that says, "Seller agrees to all requested repairs, Buyer agrees to terminate due diligence period."

If you have a contrary position provide the proof and I'll be glad to amend my position based on fact and acknowledge my error but not based on someones current and mistaken opinion.

He took up the cause to change that and over a year later the city amended the code, but he was kind enough to show up at my door with a copy of the new law.

Is it fair to ask the language to be amended to include that if any matters were taken to court, the losing party would pay for legal fees? 

If you split it they may want to amend to still include both parcels.

I am fearful that they will have to amend the mortgage to contain the proper legal description of the property and re-do the entire foreclosure procedure with the correct legal description.

I did just that and then amended that the funds were from a hard money lender.