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Sean Gallagher
  • Real Estate Investor
  • Millsboro, DE
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Few simple newbie questions on assignment contract

Sean Gallagher
  • Real Estate Investor
  • Millsboro, DE
Posted

1) At the very bottom where I would sign as the assignor should I sign my name as the registered agent of Prosperous Properties, LLC or should I just put my company name Prosperous Properties, LLC.

2) In a portion of my contract I have this,

For value received, Prosperous Properties, LLC (Assignor) transfers and assigns to ______________________________ (Assignee) the purchase contract on _______________________________________________ City of _______________, State of __________________ Zip _______________ dated on _______________ between ____________________, as the original seller, and __________________, as the original buyer.

Where it says "between _________, as the original seller." Should this be the home owner I put under contract or my name? Little confused there, personally I dont think it needs to be in the assignment contract but im not 100%. Just making sure I have this right.

And thats pretty much it. Thanks for your time!

Sean

Most Popular Reply

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Jerry Puckett
  • Wholesaler
  • Fort Worth, TX
1,717
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Jerry Puckett
  • Wholesaler
  • Fort Worth, TX
Replied

I enter contracts like this:

New Refined Images LLC by its Manager, First Last.

That comes before the "as buyer", or "Assignor"

I have the company and title under the signature lines also. My lawyer says that with contracts, redundancy is a good thing.

  • Jerry Puckett
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