Question On Assigning?

Is this the same as selling a note, and how due you implament that in a contract?

Comments(2)

  • Optimum19th August, 2003

    Quote:
    On 2003-08-19 18:41, mdh2003 wrote:
    Is this the same as selling a note, and how due you implament that in a contract?

    Hello Mdh2003,
    Assigning a contract and selling a note are two completely different things. "assigning" is when you get a house under contract and you put "and or assigns" after your name. In this scenario you would "assign" or flip the contract to other investor for a fee. "Selling a Note" is selling a contract (usually a mortgage)that is created when you take back financing for a piece of property.
    (see my website in profile for detailed info)
    Hope this helps!

    Happy Investing!

  • mdh200320th August, 2003

    Is it also legal to sell an option to purchase?

Add Comment

Login To Comment