This document is an Assignment of Contract of Sale made on May 20, 2020, where Assignor transfers rights and liabilities of a property sale contract to Assignee for a total purchase price of $187,000. Assignee agrees to pay a marketing fee upon successful closing and must make a non-refundable deposit of $2,500 to bind the agreement. The sale is 'As Is' and not contingent on financing, with all closing costs to be covered by the Assignee.
This document is an Assignment of Contract of Sale made on May 20, 2020, where Assignor transfers rights and liabilities of a property sale contract to Assignee for a total purchase price of $187,000. Assignee agrees to pay a marketing fee upon successful closing and must make a non-refundable deposit of $2,500 to bind the agreement. The sale is 'As Is' and not contingent on financing, with all closing costs to be covered by the Assignee.
This document is an Assignment of Contract of Sale made on May 20, 2020, where Assignor transfers rights and liabilities of a property sale contract to Assignee for a total purchase price of $187,000. Assignee agrees to pay a marketing fee upon successful closing and must make a non-refundable deposit of $2,500 to bind the agreement. The sale is 'As Is' and not contingent on financing, with all closing costs to be covered by the Assignee.
This document is an Assignment of Contract of Sale made on May 20, 2020, where Assignor transfers rights and liabilities of a property sale contract to Assignee for a total purchase price of $187,000. Assignee agrees to pay a marketing fee upon successful closing and must make a non-refundable deposit of $2,500 to bind the agreement. The sale is 'As Is' and not contingent on financing, with all closing costs to be covered by the Assignee.
“Assignor”), with a business address of _Your Company Address Phoenix, AZ 85016__, is the Buyer in a certain Contract of Sale (see attached Exhibit “A”) (herein referred to as, the “Contract”) for the purpose of transferring the real property located at ____Property Address__ (hereinafter the “Property”); and
WHEREAS, The Buyer Info, LLC______________
(hereinafter "Assignee"), with a business address of _________________________________________, is desirous of purchasing the Property; and
WHEREAS, __The Seller_________________________________ is/are the
Seller(s) (herein, the “Seller”) of the aforementioned Property specified in the Contract; and
WHEREAS, Assignee has agreed to pay Assignor a Marketing Fee (“Assignment Fee”), all payable upon the successful closing, funding and full performance by Seller under the terms of the Contract; The Assignment Fee shall be calculated as the balance of the proceeds between the Assignee’s Total Purchase Price and the Assignor Contract Price with the Seller(s).
Now therefore, in consideration of the sum of Ten Dollars ($10.00), receipt of which is hereby acknowledged,
IT IS hereby agreed that: Total Purchase Price: $_187,000.00___
1. The rights and liabilities set forth in the Contract and all addenda shall be and are hereby assigned from Assignor to Assignee for the Assignment Fee and for other good and valuable consideration paid by Assignee as delineated as follows:
2. Assignee agrees to Purchase Property for $187,000 (One Hundred Eighty Seven Thousand Dollars and no cents) on or before May 25, 2020 and agrees to pay all closing cost associated with this transaction. The balance of the funds shall be the assignment fee. 3. This Agreement shall be binding and enforceable only at such time as the Assignee shall make a good faith non-refundable deposit of _Two Thousand Five Hundred__ Dollars ($_2,500.00_________) payable to and received by the Assignor via ready available funds.
4. To the extent Seller fails to perform pursuant to the Contract or is otherwise in
breach of Seller’s obligations to Assignor under the Contract, the Assignor may declare this Agreement null and void solely in Assignor’s sole and absolute discretion. To the extent Assignor declares this Agreement void, Assignee shall be entitled to a full refund of any amounts collected by the Assignor hereunder from the Assignee.
5. Settlement shall occur as is indicated in the Contract time being of the essence.
6. This assignment contract may not be assigned.
7. This assignment contract is not contingent on buyers’ inspection of the property.
8. This assignment contract is not contingent on buyer obtaining financing.
9. In the event the buyer breaches the terms of this contract, the buyer shall forfeit the entire amount of the earnest money deposit to the seller.
10. The Buyer/Assignee shall pay all closing cost which shall not exceed 1.5% of the purchase price.
10.Assignee agrees to protect, defend, hold harmless and indemnify Assignor, its agents, employees, and customers from and against all claims, losses, liabilities and damages, and to pay all claims, judgments, awards, costs and expenses (including costs of investigation and defense and reasonable attorneys’ fees), arising out of or related to: (i) any breach by Assignee of this Agreement (including representations and warranties) (ii) any infringement or misappropriation of a third party’s proprietary rights by Assignee in the performance of Services hereunder; and (iii) any claim for damages arising under or related to the acts or omissions of Assignee in the performance of the Services hereunder.
11.All parties agree to use CLOSELINE SETTLEMENTS for Title and Settlement services, including the issuance of a title policy.
12.All Recitals stated herein are incorporated herein as material terms of this Agreement.
TERMS AND CONDITIONS OF SALE: Property is being sold “As Is.” This transaction is not contingent on Buyer obtaining financing. Buyer to pay all closing costs that include transfer taxes, recording fees, attorney fees, title insurance and title search, and escrow fees.
