Blog by Sam Wyatt Personal Real Estate Corporation

How Assignments' of Contracts Work

May 3rd, 2007

Here's a little primer on Assignments:

Assignments involve a few basic figures:

New Price (Assignee's Total Purchase Price)
Assignment Amount (Difference between Original contract price and New Price)
Deposit Held by Developer
Original contract price
Assignment deposit: typically 5% of the New Price

NB: Original Contract Price + Assignment Price = New Price OR
New Price - Assignment Price ...



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