Contract Assignment illegal in California?

[Anthony B.]

I've contacted a number of Title Companies who claim not to know what this is, and once explained what it is, claim that they don't do them.

So my question is: are contract assignments illegal in California?

I've heard somewhere that double closings are, and if this is true - that's a true shame.

[Will Barnard]

There is nothing illegal about contract assignments. In fact, in CA, any contract is legally assignable UNLESS the contract specificlly states otherwise. Title companies telling you they won't do them is ridiculous and perhaps you are not explaining it properly or the person you are speaking to simly just does not understand.

There are no title insurnace or other issues with an assigned contract. The buyer taking over the contract is responsible for all that is in the original contract. It is nothing more than changing the buyer on the contract, only you get a fee for the "assignment" which can be done on the Hud1 statement.