I have reapeated read that with assigments sometimes the person wanting to buy the contract will talk directly with the owner and try to convince them buy it from them. What can I do to avoid this from happening? Thank you in advance. Jacque1
Well, from what I read on the forum. You have to file your contract in court.Even if the seller and buyer talks or anybody else, your contract is protected from anybody cutting you out of the deal. Correct me if I am wrong guys or gals. :crossfingers
You will file with the county clerks office an Affidavit called “Memorandum of Agreement for Purchase and Sale Contract”. This clouds the title, so that the seller can not sell directly to the buyer. It states that you have a financial interest in this property.
Ricky