Posted by Bronchick on October 20, 1998 at 09:59:28:
If you assign a contract, the seller can still hold you liable. You need to get a release of liability from the seller to remove yourself from liability.
In addition, if the SELLER renegs, the assignee (person who you flipped your contract to) may be able to sue YOU for damages. This is why you should assign your contract “WITHOUT RECOURSE.”