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Assignment of Contract for Deed by Seller Kentucky Form

Assignment of Contract for Deed by Seller Kentucky Form

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Instructions and help about Assignment Of Contract For Deed By Seller Kentucky

what is an assignment of contract here's what we do in real estate we're what's referred to as a wholesale company so here's what I do we'll go out and we will contract with Mr Smith to purchase his house for say a hundred thousand dollars maybe that house is worth 200 000 and needs to repairs right so it's a distressed property so what we will do is we will take that contract and now I'm going to sell that contract to a cash investor who wants to buy it for say a hundred and eighteen thousand dollars so what does that mean means the seller is going to get their hundred thousand the investor is going to get a deal and purchase this at a hundred and eighteen thousand and that difference eighteen thousand that's what comes to us and our company that is our fee for handling that transaction so we are not selling real estate all the time sometimes we're just selling paper

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