Assignment of Beneficial Interest - Posted by Mike

Real Estate Investing Real Estate Law
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Posted by Bill H on May 20, 2011 at 15:27:32:

Assignment of Contract and Assignment of Beneficial Interest are about a far apart as you can get.

How do you assign beneficial interest in something you do not own?

The are all hypothetical 'Off the wall" questions that can only be answered if tried and either suceed or fail.

All depends onf what the initial/original/unmodified contract calls for.

Simply because you want to “get around” something is not going to make it happen.

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Assignment of Beneficial Interest - Posted by Mike

Posted by Mike on May 18, 2011 at 15:07:57:

Is this a good way to get around an “assignment of contract” clause? How would the buyers name be written on the initial contract, just his name?

Same question as above, what if the investor that I assigned to doesn’t close? Am I still obligated to the seller to close, or will I just lose the earnest money deposit?