August 2019

Assignment Basics

What Is An Assignment? An assignment of an Agreement of Purchase and Sale is when the original purchaser (Assignor) from the Builder agrees to allow a new purchaser (Assignee) to take over the contract with the Builder. The original purchaser does not have to close with the Builder and does not take possession (if occupancy has not taken place) or title to the property. The new buyer takes over and...

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