Advice On Protecting 10k Plus Assignments

I am going to buying a reo from a bank real soon for 40,000. The properties in the area are selling for 120,000 as is. The place needs work and has 40,000 in back taxes. I have an investor who will pay me 30,000 for my contract. 1. How do I protect my assignment to make sure I receive this money or if I can't protect it Where should I go to look into doing a double closing.

Comments(2)

  • 64Ford16th June, 2004

    There are some assignment forms under "freebies" on this website.

    Perhaps someone else here can recommend an attorney in you area for closings

  • keoki16th June, 2004

    get an assignment contract from your title company with the assignment price stated in it, then when they go to settlement the title company will send you a check for your assignment fee.

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