Lender · St. Louis, MO · Member since 2009 · 348 posts · 164 votes
9y
My guess would be that if the profit spread is $10k or less -- or 10% or less on bigger deals -- that Assignment is the preferred choice. If the profit spread is higher than $10k / 10%, then a double close is the way to go. Unless the deal is not assignable of course, like a HUD deal, short sale, or many REOs.