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HomeForumsForeclosuresBanks That Allow Assignment of Contract?
Tony Green's profile image
Tony Green's profile image
Tony Green
Pro Member
  • Real Estate Broker
  • from Winston Salem, NC
  • Member since May 5, 2008
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Tony Green's profile image
Tony Green's profile image
Tony Green
Pro Member
  • Real Estate Broker
  • from Winston Salem, NC
  • Member since May 5, 2008
Connect
Tony Green
Pro Member
  • Real Estate Broker
  • Winston Salem, NC
6
Votes |
16
Posts
Foreclosures

Banks That Allow Assignment of Contract?

Tony Green
Pro Member
  • Real Estate Broker
  • Winston Salem, NC
Posted Aug 3 2008, 10:46

Anyone have any success in a bank allowing you/your investor to assign a contract? I have heard through the grapevine that Wachovia will allow it, but I don't know for sure. A local Realtor associate told me today that it is against federal banking law, but again I don't know if this is true or not. I have a current REO offer on the table with "and/or assigns" on it, but haven't gotten approval from bank yet. Anyone have any experience with this?

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