Skip to content
Wholesaling

User Stats

213
Posts
12
Votes
Daniel Hart
  • Investor
  • Charlotte, NC
12
Votes |
213
Posts

How to assign a contract to a buyer with conventional financing?

Daniel Hart
  • Investor
  • Charlotte, NC
Posted Sep 6 2008, 07:28

I have a property under contract, but I don't want to limit myself to buyers with cash and hard money.

Here's what I can think of:

-Traditional assignment: I am hearing that lenders won't allow contract assignments, probably since the contract is not in their buyers name.

-Double closing: Would I have to sign a 2nd contract with my end buyer? Would the bank question why the names on title and the contract differ?

Loading replies...