Issues with Assigning a RE Contract (w/ BANK OWNED REO property)

[Michael Morrongiello]

Issues with Assigning a RE Contract (with BANK OWNED REO property)

Many BANKS who are still putting out their REO inventory are refusing to allow for ANY type of

language in the Buyers Purchase agreement which allows for the BUYER to ASSIGN their purchase agreement thru the Escrow. 

A clause or language such as: 
"This agreement is assignable to a C- Corp., Sub-Chapter-S Corp, IRA, LLC-Limited Liability Company, Individual, or Joint Venture Partner prior to COE- close of escrow"

Is inevitably KICKED OUT or IF an attempt to ASSIGN the Buyers purchase agreement is requested - the Banks / REO lenders are saying

the agreement and its time line will have to commenced from the START 

Anyone using a cool trick to deal with the restrictions to ASSIGNING a BANK OWNED property thru Escrow ?

Warmly

Michael M.