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Wholesale Purchase Agreement Obligations
I am trying to get my foot into wholesaling real estate and I have a question about the obligations you incur as the buyer in a purchase agreement. My intent would be to immediately turn around and assign that contract to a cash buyer, but if for whatever reason I can't find an interested assignee am I still obligated to purchase the estate? I haven't heard anybody talk about this scenario. What are my exact obligations as the buyer in a purchase agreement for an estate? Any clarification on this matter would be greatly appreciated.
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@Griffin F. Thank you for the quick response. That answers my question.