Hi Gang, I have a question that I’ve not seen or heard an answer to before (of course, I AM a little ignorant so maybe this is an obvious question …)
Assuming I’ve put together an option to purchase a house that I intend to sell later on a wholesale deal. Do I: record the option, or a memorandum of that option? And then once I have found a buyer for my option and I assign it to him/her, do I ever record the assignment? And finally, would you consider having a notary at the bank notarize the assignment as you go collect a cashier’s check for your assignment fee? I’m thinking that if my buyer is concerned I may run off with the fee and he/she has no notarized copy of the assignment, this may give them reassurance if I have it notarized by a notary at the bank.
Like I said, maybe this is too obvious but I’m asking you because I’ve been pretty impressed by the experience I’ve seen here in these forums so who better to ask?
Thanks for your time, and help!