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Short Sales A-Z™ Online Class Chapter 23

Chapter 23
Exit Strategies – Assignment of Contract

 

In an assignment of contract the original buyer transfers the right to purchase the property to another buyer for a profit. This chapter covers the details of this type of transaction.

Objective:

  • Learn how to close a transaction by assigning a purchase and sell agreement to an end buyer.
  • Be able to get the lender to authorize an assignment of contract.
  • Know how to ensure the end buyer pays for the assignment.
  • Be able to complete this transaction “zero” down.

Outline:

  • Transaction description
    • Advantages
    • Disadvantages
  • Ensuring closing
    • Selecting An Assignee
    • Not Losing Assignments
  • Transaction flow chart
  • Sample document analysis

Time:

  • 08:40 minutes

Short Sales Class Chapter 23-1

Short Sales Class Chapter 23-2

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