assigning contract without "and/or assigns"

[Wade Stahle]

I have my purchase agreement contract. I was planning on doing a double close. I am no looking to assign that contract. The contract doesn't include "and or assigns", can it still be assigned? Also does the assignment contract need to include how much I will be profiting?

[Rich Hupper]

@Wade Stahle I think what bill is saying, is there are no more A - B - C closings allowed where the wholesaler person "B" can use person "C's" money to close on the A - B transaction. The transaction needs to close A - B then B - C.

The wholesaler person "B" needs to take title with transactional funding or his own cash. Then convey title to his buyer person "C". He would pick up his fee on the B - C closing.

With the assignment wholesale, wholesaler B leaves the transaction completely by selling his contractual rights with Seller "A" to buyer "C". There are growing legal issues about this type of wholesale.