How much for assignment? - Posted by LeonNC

Posted by LeonNC on February 18, 2001 at 22:37:34:

should I give the seller a copy of everything including the trust agreement? If not then why so I can explain it to the seller.

LeonNC

How much for assignment? - Posted by LeonNC

Posted by LeonNC on February 18, 2001 at 22:34:51:

I’m closing on a subject-to deal tomorrow morning and I’m filling out the paperwork. I am purchasing the property for the loan balance ($14,000 in equity and at least $200mo in cashflow). To make the assignment of beneficial interest legit, how much money should I give the seller as consideration?

You guys have been great helping me with this. Thank-you!

LeonNC

Re: How much for assignment? - Posted by Jim IL

Posted by Jim IL on February 19, 2001 at 24:28:09:

Leon,
I don’t usually give them anything for it.
Also, I don’t give the seller copies of everything, I only give them copies of the purchase and sale agreement, and the seller disclosure form.
Everything else is either recorded, or proptery of the trust. (At least thats what I tell them.)

Have a great day,
Jim IL