An assignment is simply written on the contract and endorsed setting over your rights to purchase to others.

As to Jon's question of sorts, where the loan is sold...Direct Lender in the mortgage business usually referes to VA and FHA, where the term came from, that the lender is a direct endorser or lender, they approve and fund the loan and VA/FHA mortgage bankers have agreed to purchase the loan based on that lender's process.

I'm sure Bruce is a great guy based on the endorsements received in this thread.

Your local area REIA will have several wholesalers attending and if not, some of the other investors there should be able to point you in the right direction or wholesale you the deals they cannot/dont have time to complete.not an endorsement but try meetup.com to find groups in your area.

If someone says it's a bad idea and you come along and say they are wrong, that is endorsing the idea of teachers having guns and that is a statement of your position, without the qualification of them being deputized, which you did later clarify.

The neither vet, endorse, research, guarantee, nor offer any legitimacy to the names they sell.

How do the checks get endorsed?

Endorsement of the note and deed of trust should be addressed that the seller will endorse the asset to the name of the buyer.

We did the usual appraisal, credit report, and going through the original title company, we did a 104.1 endorsement (ask your title officer how you can save money with this endorsement) and completed the transaction.Now the fun began.

A investment property policy will have a loss of rent endorsement, for example, if you get $1,000 month rent and their is a fire that makes the property unInhabitable for two months the policy would pay out that $1,000 a month while the damage is repaired.