OfflineIs this correct...it shouldn't matter if the seller has a mortgage and working with agent for doing assignments as long as the buyer is all cash and the seller accepts the and or assignee in contract, right?
So is it if my investor/buyer for property is all cash, no issues, but if my buyer or investor taking out mortgage to buy my assigned property, then issue with assignments and need to do something else, correct?
Thanks for all the clarification.
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Yes, It does not matter if the seller is working with a agent and has a mortgage. Though there does need to be equity in the deal, in other words, the owners mortgage cant be more then what we are offering to purchase the property for.
If your buyer is a "cash" buyer, things will go through much smoother and easier. If your buyer is a "retail" buyer you can still do an assignment, it still can go through but yes there may be issues & the deal is more likely to fall through compared to having a cash buyer.
I do understand that the offer has to be more than the mortgage on property but....
Is this correct...it shouldn't matter if the seller has a mortgage and working with agent for doing assignments as long as the buyer is all cash and the seller accepts the and or assignee in contract, right?
assignments can be done with agents and mortgages.
So is it if my investor/buyer for property is all cash, no issues, but if my buyer or investor taking out mortgage to buy my assigned property, then issue with assignments and need to do something else, correct?