Posted by Redline on November 04, 1999 at 12:17:37:
Alot of good people here are of the opinion that yes, you should get the seller to sign a release of liability AFTER you’ve presented your new assignee to your seller. Of course, if your seller has half a brain they’ll want to see some proof that this new buyer can perform.
As far as finding the right paperwork, you might try Bill Bronchick’s site http://www.legalwiz.com.
Another offer accepted. Yessss. Need a little help. - Posted by LeonNC
Posted by LeonNC on November 03, 1999 at 23:31:02:
I’ve got my second house under contract and this time it is assignable. Last one wasn’t but it was assigned anyway. My intention is to assign this one too. Should I get a release of liablity signed by the seller? My assignment contract with my buyer has the language in it but I’m wondering what I should do with the seller. Of course I’d just like to pass on the contract without having to ask but, I want to be safe. One other slight problem… I don’t have a release of liability contract for the seller to sign. If you recommend it and would part with a copy of yours please email me and if need be I’ll be glad to do something for you in return. This is GREAT! Couldn’t do it without you all. Or like they say it here in North Carolina Ya’ll. Yippie, Yea, Yahoo!!!