Posted by Juan on July 18, 2002 at 22:18:35:
It’s been my experience that if your contract is assignable and if you have an assignment agreement with your end buyer, you should be fine. Just be prepared to close should your end-buyer backs out.
I just closed a deal today through an assignment of contract and I was not even there. Your assignment fee will be included in the HUD-1 (settlement statement) since the funds are coming from your end buyer (assignee).
Hope that helps,
Follow up with your attorney or title comapny to ensure that you.