Posted by: The King ®
04/07/2004, 09:10:39
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First, you get the assignment fee when you execute and deliver the assignment. Real simple: Me give you assignment...you give me cash. Second, a way to be sure you get your money is to be the Transaction Engineer who follows this thing all the way to the closing table. If you set the proper escrow, your "assignment fee" as you call it, will be paid to you by the closing officer. Third, you could record the purchase and sale agreement if there was no prohiition against recording (many purchase and sale agreement prohibit recording.) Fyi: This King has designed (and used since 1987) what we call "The Buy/Sell Agreement." It is in fully recordable form and will create a cloud on the title that will protect your interest in the chain of title. For more info visit http://groups.msn.com/raycomoshousebuyingkingdom
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