I made an offer on a property that was accepted and is not scheduled to close until 1Oct. I wrote the contract in my name ‘or assigns’. There is someone that is interested in taking over the contract as an ‘assignee’ before closing. Does anyone know if this is complicated or can I just write a simple statement to the seller telling them that I assigned to contract to Joe Smith on 9 Sep.
What would be an acceptable legal fee to draft something up?
Howdy Kevind:
You do not need any formal document to notify the seller. You could just call or give them a copy of your assignment agreement.