can someone please explain flip/assign - Posted by Doone

Posted by Joe Kaiser on March 07, 2000 at 24:41:44:

Generally speaking, houses are flipped and contracts are assigned . . .

I wouldn’t get hung up on semantics.

What you need is whatever it takes to facilitate a quick and successful transaction. If that means title insurance or inspections, then yes, that’s what you do. Heck, it’s what I do.

How can you expect someone to write you a check on the spot if you don’t have the complete package there for their review? You can’t.

Sign it up, sort it out, and pass it along. That’s how you get yourself paid.

Joe

can someone please explain flip/assign - Posted by Doone

Posted by Doone on March 06, 2000 at 22:15:04:

Hi,

I’ve asked this before, but I keep getting different answers. (Thanks to everyone who was nice enough to lend a hand.) Perhaps I’m just asking the question wrong. Let me try a different way:

Is there a difference between flipping & assigning a contract? Or do I mean flipping/assigning & simultaneous close (flipping & assinging being the same thing)? And, in which instance(s) do you need title insurance?

Thanks in advance,

Doone