Letter Of ReDirection

We are in the process of selling a property. As part of the closing the buyer is talking about a "Letter of ReDirection" to a company that will be doing the constuction work on the house.

Has anyone had experience with Letters of redirection? are they common in wholesale deals?

Thanks

Comments(1)

  • rjs935225th February, 2004

    Speaking for myself I've never heard of this Letter of Redirection. What purpose does it serve? Anyone else heard of this?

    Ryan J. Schnabel

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