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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


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