Assignment of Contracts Step by Step Explanation

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  • I am wondering about the steps that we need to take to assign a contract to assigns.

    Please explain step by step process.

    I understand that you get a contract subject to being able to assign it.

    Do you get the contract and then just assign it to another investor and take the assignment fee or do you need to go to closing and have the seller release you from the contract, collect your assignment fee and then the investor takes over the contract?

    Thanks for your help.

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