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Updated almost 12 years ago on . Most recent reply

Account Closed
  • Real Estate Entrepreneur
  • Wilmington, DE
3
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16
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What do I give to an assignee?

Account Closed
  • Real Estate Entrepreneur
  • Wilmington, DE
Posted

I plan on meeting a few people at a property I am wholesaling. What do I give to the assignee (retail buyer), in exchange for their deposit? I plan on giving them a copy of the assignment contract. Does anyone ever get resistance when doing this? I would be reluctant to hand over a deposit to someone I just met at a property.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Obviously, an Executed assignment contract, and the executed purchase agreement that you are assigning. As an end buyer, my deposit would go to the title co., not you.

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