What do I do with the assignment?
2 Replies
Andrew White
posted about 1 year ago
I just assigned a property I have under contract to another investor. Do I send the assignment to the title company or the Agent? I am in New Mexico. Any help is appreciated
John K.
Wholesaler/Investor from Dallas, TX
replied about 1 year ago
Andrew White
replied about 1 year ago
John K.
Yes I have a signed Assignment agreement from the new Buyer. Also the contract is for an REO but they signed it with an Assignment clause. I emailed the title company and they seem confused saying, "Have you discussed this with the agent? If it's new buyer you will need to send that over to the listing agent for asset manager's review and approval.".
Should I try to educate them on how to do this?