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Kim Handelman
Pro Member
  • Real Estate Agent
  • Guilford, CT
88
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193
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Help! I made a mistake - how do I save this deal?

Kim Handelman
Pro Member
  • Real Estate Agent
  • Guilford, CT
Posted Jun 11 2015, 05:57

Hi all, I'm trying to get my first wholesale deal done - it's been a long process with the sellers disappearing for months on end. My attorney (first time I used him) insisted I put the "able to assign" in the contract even though I told him I'd rather not because it's legal in CT as long as it doesn't say you can't. Buyers attorney said take it out. This is where I screwed up. I said "Fine, we can take it out." knowing I still could assign under CT law. Now I'm thinking that's not the right way to do business. Ethically I don't want to do it without being up front about it. I'm a wholesaler! I have to assign it! How do I approach them with this subject without them freaking again?

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