Detroit Michigan Assignment of Purchase and Sale Agreement
Category:
State:
Multi-State
City:
Detroit
Control #:
US-C-A-39402-01
Format:
Word;
Rich Text
Instant download
Description
An assignment of purchase and sale agreement is a real estate transaction contract that defines the parties and terms of a real estate purchase. This agreement allows the original purchaser of a property to transfer or assign their rights in the deal to a third party. This agreement is often used in flipping houses.
Assignment of purchase and sale agreements allows the purchaser to take their rights and obligations under a purchase agreement and reassign them to a third party who will take on those responsibilities. Some contracts may have clauses that prohibit assignment or allow it under specific circumstances usually laid out in the agreement.
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