Assignment of Contract Deposit Money

[Bimal Doshi]

Hi All,
I will be assigning the contract on a wholesale deal.
Purchase Agreement and Unsigned Assigment of contract is emailed to my cash buyer.

In Assignment of contract, the assigment fee will be payable as non-refundable $2000/- at signing of the contract and the remainder at the closing.

How will the cash buyer pay me the $2000/- when I sign the contract. Will he give me a check of $2000/- or he will give give me a photo of the check that he has given it to his title co or attorney.

Or I have to get an attorney/title company to hold the check.

Thanks for your input.

Bimal

[Account Closed]

To protect all parties please go through title and escrow.

Joe Gore