My intent is not to purchase the property, but to assign it to my end buyer.

I posed my question because a real estate program heralded how they could show you how to assign contracts from reo properties listed by banks.

No federal government lease has been broken simply because funds were not appropriated and the agency walked away scott free.After you have ownership of a property and financing is in place, if a collateral assignment of leases has not been made in the financing agreements, a lease may be assigned for it's present value, like any other annuity income, again if the lease is not unencumbered or not assigned under any other loan.

He said the only legal way is to do it with option contract or assignment.

All of them will be on the hook for the full amount due as well; it does not get divided up in percentages based on who can afford what.Maybe you need to examine a different approach, say posting other property as additional collateral, or assigning rents from other income producing property (if free and clear).

Wholesaling" usually entails you actually entering into a P&A contract then assigning or "flipping" it, and most investors go for $4000-$10,000.

For example, you will have to know how to match a mortgage with a satisfaction or release; also, there will be mortgage assignments that get thrown into the mix to further confound things.

I assume that is your wholesaler.I wish you were not paying for an inspection without having your own contract (or assignment agreement) in place.

;) You will still want a contract, but most likely just an assignment contract stating you're selling your rights from the P&S to the end buyer of $X Amount.

Is there a way to get the title company to handle my part at closing and just mail me my assignment fee?