Key Takeaways
- "And/or assigns" clauses are legally valid but do not prevent seller disputes or title company refusal.
- Double closings with transactional funding provide a reliable alternative when assignments are blocked.
- Transactional funding costs (1-3%) should be budgeted as a contingency in every wholesale deal analysis.
- Ethical obligations when working with distressed or elderly sellers require thorough documentation of informed consent.
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Test Your Knowledge
1.In the Jake case study, why did the title company refuse to insure the assignment transaction?
2.What was Jake's net profit after pivoting from assignment to double closing?
3.What is the typical cost of transactional funding for a same-day double closing?