Posted by Paul_NY on January 31, 2000 at 24:06:06:
To get out of the contract if you can’t find someone to give you the $2500 assignment fee, you should have a clause in the contract such as: contingent upon buyer obtaining financing at 8.07% for 30 years.
When you submit your offer to the seller, put in this clause: Buyer shall have the right to show property to prospective tenants prior to closing.
Bad credit an asset when it comes to assignment??? - Posted by Md
Posted by Md on January 30, 2000 at 20:44:19:
Just say I have a contract on a property an assign it to an investor for $2500 fee,which I receive when the assignment contract is signed prior to closing. Even if I would have made more money if the deal goes through. I would be happy even if it did not go through because I have the assignment fee and I could use credit to get out of the purchase contract for myself.Does this make sense or am I missing something?
And how do I gain to access to the property prior to closing to show it to prospective buyers