What Is An Assignment Fee?

What is an assignment fee and how can it be used in short sales and then turning around and selling it wholesale?

Comments(2)

  • TheShortSalePro6th January, 2004

    "newbies" invite problems by combining individual acquisition techniques without having mastered them individually...

    Baby steps.....

  • mcldavid8th January, 2004

    Sarahdonnelly13 ..this may help.. on your "purchase agreement " ..on the line where Buyer's name is filled in there is a clause (or you can write this in) .."And / or Assigns".. with this clause you have the option to "assign"(sell) the right to another buyer for an agreed upon "assignment fee".
    This clause may send up a red flag so be aware. hope this was of help
    mcldavid

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