assignment contract help!!!

assignment contract help!!!

well im in the middle of assigning a contract for my first deal. im a little confused on a few things, i have a buyer who wants to buy property in my area, i did find a few properties in my area that she is interested in. i found the property on the mls. she has ask me to gather all the properties in my area that meet her criteria, to meet her tomorrow. should i wait til she picks a property from my list then do u think i should go to the seller and negotiate a price with him or her and if agreed im suppose to lock up a contract with the seller right? what kind of contract (agreement to purchase, or purchase and sale agreement) then when a contract is locked up with seller i go back to my buyer and tell her that im going to assign the contract to her using an assignment of contract correct? what if when i show her my list of properties and she picks one but then says i would like to go see the property with you today, what do i do, do i say yes even though i don't have a contract lock up with the seller or do i say no since i dnt have a contract with seller. can anybody please help me before i make a fool of myself...please explain the steps anyone...

__________________

ismael soto


Hello,

So in essence what your telling me is that you have to have Earnest Money to WholeSale Reos ?


Duncan

You will not get an REO under contract with out earnest money. It doe not have to be your money. You also need POF when submitting an offer on 99% of REOs.

Michael Mangham
MD Home Acquisitions LLC

__________________

Knowledge is power, but execution trumps knowledge. Tony Robbins

http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site


I'm looking for single family houses in PG County Area in MD

We are a real estate service that helps people like yourself sell their house in 7 days or less, by buying it! http://bit.ly/Ssx7IZ

__________________

Network Business Community & Real Estate Investments! Orbit Financing & Diversity Realty, LLC. Udo Ginczek, 13505 Avebury Dr. Apt. 22, Laurel, MD 20708, (240)790-2284, biguseof@****


Thank You

Many Thanks Carol, you couldn't lay it out better.

I love the scripture and I will stand on his word too.
God Bless.