Author Topic: Assignment Clause Not Allowed in SS Contract ??? (Read 4719 times)

LAdreams · « **on:** June 07, 2006, 06:04:09 pm »

According to Thomas Lucier's book "The Pre-Foreclosure Property Investor's Kit", he states that 99% of all lenders will not sign a Purchase Agreement that contains an assignment clause, within a short sale offer.

Has anyone ever experienced this issue?

Thanks!

-Larry

reiauctions · « **Reply #1 on:** June 07, 2006, 07:38:34 pm »

It's been my experience that lender's will not execute a purchase agreement with assignability on a short sale or an REO property they own.

Author Topic: Assignment Clause Not Allowed in SS Contract ??? (Read 4719 times)

LAdreams

Assignment Clause Not Allowed in SS Contract ???

reiauctions

Re: Assignment Clause Not Allowed in SS Contract ???