Assignment of Residential Purchase Contract
In consideration of the sum of
$_________ (_______ Dollars), along with earnest monies as defined below and
other good and valuable consideration, and the mutual benefits to be delivered
by all parties to this agreement, the undersigned __________________, LLC
(Assignor) does hereby assign unto __________________, LLC (Assignee) all
rights, interests, suits, claims, obligations, responsibilities, and titles to
a Purchase and Sale Agreement dated ______________, 201__ by and between
__________________, LLC as purchaser and __________________ as seller.
This
Assignment is concerning the real property located at: __________________ with an APN # of
__________________.
Assignee
is aware that they are purchasing the property as-is, where-is, for cash and
with no inspection period.
CLOSE
OF ESCROW DATE & MUTUAL CANCELATION CLAUSE:
Assignee agrees to close escrow on or
before __________, 201___. If the COE does not
occur before 6:00 P.M. PST on _________, 201__ then this assignment is
considered null and void and all rights transfer back to the Assignor and
Assignee forfeits their non-refundable earnest deposit.
Disbursement of Assignment fees shall
be as follows:
$ _________ (_______ Thousand Dollars)
upon close of escrow and paid through title.
In
addition to the Assignment consideration, Assignee herein agrees to deposit
earnest money of $_________ (_________ Hundred Dollars) into escrow which will
become immediately NON-REFUNDABLE as long as __________________, LLC can
produce clear title. Assignee permits
Title Company to continue communicating with Assignor during the course of this
transaction and provide Assignor with a copy of the settlement statement after
actual Close of Escrow.
Executed
this ____ day of __________, 201__.
________________________________ ________________________________
Assignee
Printed Name Assignee
Signature
________________________________ ________________________________
Assignor
Printed Name Assignor
Signature
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