Updated almost 9 years ago on . Most recent reply
Assigning a contract
Hello,
Can someone give me more detailed information on how to assign a contract. Let's say there's Homeowner ABC and Wholesaler DEF and Buyer XYZ. There will exist an initial contract between the Homeowner ABC as the seller and Wholesaler DEF as the buyer. Then Wholesaler finds Buyer XYZ and assigns the contract for 10k. What happens next? Is there another contract between Wholesaler DEF and Buyer XYZ or is there an addendum to the existing contract saying the buyer is now Buyer XYZ and Buyer XYZ will pay a 10k assignment fee.