Hello Everybody. Edward here from Nc. Well like the title says I have offer # 2 accepted. Its a 3bd 1 ba home. Offered 22K for the house, ARMV for the house is from 73K-78K. Needs about 15K-20K in repairs. I want at least 4K for the assignment which would leave about 30K for the investor in equity on the property if they want to spend 20K on fixing it up. Only one concern. When I Talked to the listing agent when I put my offer in I told him that I wanted and or assign writting beside my name on the offer to purchase and he said no problem. Well a day later I got the contract emailed to me. I at the time told my borther to print out the contracts and to take them to my job since I was working and told him to read the contract to make sure that it shows and or assign beside my name. Well when he arrived to my job I asked him if it had and or assign by my name he told me yes. Now everybody my full time job is restaurants and needless to say I didn't read the contract and I signed it and faxed it since We where extremely busy. Now when I got home that night I read it and needless to say and or assign was not beside my name on the offer, instead it was written in the title section of the contract where it tells the attorney whos name is going on the title. Yes I was dumb for jumping the gun but thankfully I have a get out clause of 10 days. Guys can this be a big issue or can I quick claim the deed. Please help me since the 10 day claue started ticking yesterday.
Thanks for any help