Updated about 11 years ago on . Most recent reply
Assignment fee increase for closing costs
I am puzzled by what this buyer wants me to do. I have a wholesale deal under contract with X as the buyer. He has been telling me that he is the end buyer for the last two days know. So I meet him at the title company today so he can sign the assignment fee contract which is $5,000 to me at closing. He wants me to put someone else's name on the assignment contract say the name Y. This is some i dont even know or have net even met. He says that person Y is going to assign the contract to him and he will close. So it looks like he wants to do a double assignment and then pull out money at closing. All this sounds very fishy to me so I told him no way. He led me along thinking that he was going to close on it, then at the title company he wants to do a double assignment. WTF!