Contract Question For Assignment
Hello everyone, Quick question when you sign the perchase/sale contract with your buyer should you put in the finance part that you are closing with all cash? What would you do if the person you are assigning the contract to has to get financed? Should you change the contract? Thanks for any comments. 
In the Purchase agreement, you check the cash box and you have to make sure you pre-qual your investors for ability to get hard money along with the HML phome number so you can verify.
I f you are worried about the investor wanting to finance, then do not check the cash box and put in the info needed for regular financing knowing that could change to cash with nobody(of course) objecting.
Thanks for the info, now what if I check the box for regular financing and they change to cash, would you have to change anything or could they just close like that.
thanks for any help.
I believe that should not pose a problem. Afterall, if you change to cash, you are even in better shape than before since they seller will not worry about finance contingencies.
no need to change anything as the deal has not really changed except that now there is no financing. The mortgage clause is their to protect the seller and if they do not object then no harm no foul.
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