South New Jersey

I haven't as of yet, but a lot of the offers I've made are REO's and from what I've found, they won't allow you to assign contracts. Where are you located? I'm in Lumberton myself. I'm fairly new to REI, but if there's anything I can do for you, just ask.

Griff

I am currently working on doing assignments in South Jersey. Does anyone know the assignment laws in NJ?

you actually can do "CONTRACT ASSIGNMENTS" on REO's, VA, HUD, etc. Now a LOT of the time they will REJECT your offer if you sign your contract with "AND/OR ASSIGNS". However, if you have a contract that states the contract can be ASSIGNED(the language should be somewhere, where the contingencies are listed) as a CONTINGENCY you may have a better chance getting it accepted.

Thanks for the info, it's working better, altho no cigar yet.....

Sully,

When you say "They will reject your offer" who are you referring to?

Let's say that I use the agreement of sale in the docs. Where do you suggest I put the contingency of AND/OR ASSIGN on the contract?

Do I put something like:

I have the right to assign this contract etc...

I have found some great assignments in NJ. Some in areas that I am not familiar with or are a little far for me. I would love to be able to share these deals with my SJ family. I have had many wholesalers contact me wanting to network but I would rather stay within my DG family.

Carol,
I am a recently established real estate investor in Ocean County, with my target area being Central and Southern, NJ. I am looking to assist both retail and wholesale buyers, providing them with the properties they desire at the best possible price. I am always eager to network with people in my area and discuss how we can help each other and other make a profit in this industry. Certainly let me know if you would like to chat over phone or meet one day.
The more knowledge we share, the more we will know, the more successful we will be.
Mati