Re: Assignments with HUD or Bank Reo’s - Posted by Carey_PA
Posted by Carey_PA on December 17, 2000 at 09:38:08:
You could also read an excellent article by Steve Cook on his website. (flippinghomes.com) JP, I hope this doesn’t get deleted, but if it does, I’ll understand.
Laurie, the article is called “how to get around the non-assignability clause” and he talks about hold on hold on let me read it through again so I say this propertly Ok so he buys a propert in a new entity every time, for instance 123 main st. LLC and then instead of assigning the contract to his new buyer, he assigns the interest to the LLC or entity to the new buyer.
It’s in the archives section of his TIP OF THE MONTH section. If you can’t find it, let me know and I’ll email it to you.