asignments

[Arcinio Arauz]

What works best when we tie up a house:

1. a double escrow if title company will allow it

or
2. an assignment to assign the deal to an end buyer

One lady at one title company told me that assignment fees are paid only to brokers. That's why I generally do a double escrow.
Someone else tells me that if I can assign the deal to an end buyer, I stay further away from chain of title. Please explain and where can I find a document for this (assignment)?
thanks

[Terry Royce]

Antonio, the strategy will depend upon the type of deal you have under contract.

Assign when possible, it avoids the cost of 2 closings.

I only double close if I think it will protect the transaction from falling apart, or if assignment isn't an option based on the contract structure.

Good luck.