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Laportia Paulk
  • Richmond, VA
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Assignment of contract in Alabama

Laportia Paulk
  • Richmond, VA
Posted Oct 22 2013, 12:17

I'm working wholesale. I haven't started on any deals as of yet because I have been unable to locate a title company that allows assignment of title. I understand most of it or how it's supposed to work anyway but I can't figure out the assignment of contract. How do I get the wholesale to the closing table without any of my own money?

AND the second part of this is in a double closing from what I understand I'd have to have the money to purchase the home first then turn right around and get the the buyer of the wholesale to basically buy it from me - is this correct does this make me the "holder" of the title for even just a few minutes.

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