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

Offline LAdreams

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    • Buy or Sell a Home in North Georgia
Assignment Clause Not Allowed in SS Contract ???
« 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
Larry Achtman
North Georgia Investment Properties, LLC
Dacula, GA  30019
E:  [email protected]

Offline reiauctions

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Re: Assignment Clause Not Allowed in SS Contract ???
« 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.
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Tom Wood

 




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