Anyone in California having any luck with assignments yet?

What part of California are you looking to do assignments?

You don't need an attorney to do an assignment and it really doesn't matter about your escrow company. All you are doing is telling them that you have assigned the contract to another person and you give them the information of the new buyer. I use Chicago Title. They do everything.

KimmyJ
Press on...

www.tagteampropertiesllc.com

I am in the Oceanside area in San Diego county.

I am in the Oceanside area in San Diego county.

I was having problems with the DG site earlier this evening, and then I tried to get on here later, but site maintainence was going on. Sorry for the double posting, but it must have been a glitch.

To make it kinda short, dont be shocked if you run into a Title Co. that says to you: I cant do assignments/Its Illegal, blah blah blah..In many areas title co's no longer write the assignment for you but its no big deal u can write it yourself and make sure the escrow agent gets it if u have to wait until close-on this site the forms are there....I just Looooooove that word

I have started the assignment process a few times, but never have made it to the table...I have problems with the title and escrow companies and their "You need to fully disclose to the bank that you intend to make a profit on this deal and how much you will make" bologna! I have also had a couple of sellers who don't perform in the time frame I needed them to. No biggie on the second issue. I just need a way to get around the title and escrow.

I have used the forms from this site for my transactions, but the last time I was able to do anything was about 2 years ago...since then, no luck. I am going to a REIA meeting on the 16th, so I can network with the investors who are making it work for them out here in CA. I will keep you all posted as to what I learn if anything new. Have a great week!

What ever you find out about the highlights and pit falls of Ca. assignments make sure some one lets me know too!

Thanks, Charisse Rudolph

P.S.
I am looking into an assignment in a different state coming to us. How do I know the facts are correct with out flying out to see for myself?

Hi Heather,
I am fairly new and trying to get started in REI, but I keep hearing/reading that assignments don't work in CA - Was wondering if you have had any luck yet and if so can you please provide some pointers?? I also live in Southern CA. Thanks!

Santa Carruth

assignments work in CA. I just did one last month.

So, I know that assignments can be done in CA. I have a wonderful Title agent and she has a wonderful Escrow agent that she uses. Now, here is my new dilemma...I cannot find any deals! LOL

How are you finding your deals? I have tried ads, bandit signs, FSBO's...but have not found any motivated sellers. What are you doing to attract the business? Also, there are a lot of flakey buyers out there, and I am just about ready to give up on all of this.

I'm with Kimmie. I'm in northern California and have been doing them since 2004. Chicago Title is investor friendly. Just close with them in a deal in Indiana, but also use them in California.