Posted by Charles Parrish on March 10, 2006 at 24:28:43:
Sure, you can assign your contract. Make sure your contract has the right to assign (if possible, insert a release of liability in the event the contract is assigned) Ask for all of your assignment fees up front, not at settlement. Try to get paid first. If that is not possible, get as much as you can, the balance will be paid at time of settlement and will be on the HUD 1 as an assignment fee. Make sure you notify the settlement company of your payment. They will pay it to you or you can attend settlement.