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Buying & Selling Real Estate

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Adrian Aldao
  • Wholesaler
  • Hendersonville, NC
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is this an assignment friendly contract?

Adrian Aldao
  • Wholesaler
  • Hendersonville, NC
Posted Dec 1 2017, 21:10

Hey BP,

Made an offer on a property and the seller agreed and sent over a purchase contract. upon reviewing it i came across some verbiage i was hoping to clear up.

" 18. PARTIES: This Contract shall be binding upon and shall inure to the

benefit of Buyer and Seller and their respective heirs, successors and

assigns. As used herein, words in the singular include the plural and the

masculine includes the feminine and neuter genders, as appropriate. "

My question is how to you guys interpret this? Does this mean i can assign my interest in this deal and end up wholesaling it?

thanks.

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