I have read this board for the past year, but now I need help. Here is the situation. I have signed a Purchase Agreement on a house for 430k. I have had it appraised for 500k. I just found a buyer willing to pay 500K for it! Now what? The buyer I found Is getting a conventional mortgage, will the bank allow an assigned contract? This home is in California. How do I get my money? I am very confused from this point and any help would be great. thanks so much :help
I would recommend you talk to few title companies, ones that work with investors would be great. They can tell you how to proceed.
Call title company’s
get one that will do double closings.