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General Real Estate Investing

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Stacy Patlan
  • Indianapolis, IN
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Assignment of contract

Stacy Patlan
  • Indianapolis, IN
Posted Sep 15 2016, 09:03

Hello, I have a buyer but they aren't quiet ready to close. I want to sell them the contract (assignment) and get out of the way. How does this work? The contract states we have first right to buy it for $$xxx. How does this work exactly. Do they make their own contract. this is just something I have not yet had to deal with. Thanks.

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