Contract Assignment For Purchase Of Real Estate

For value received, I, _____________________, of ____________________, as assignor, hereby transfer and assign to ________________ of _________________, as assignee, his heirs, legal representatives, and assigns, all my rights and interest in that contract between ________________ of _________________________, seller, and assignor, as purchaser, for the sale of the following described real estate, subject to the covenants, conditions, and payments therein contained:

[legal description]

I authorize and empower assignee, on his performance of all the above-mentioned covenants, conditions, and payments, to demand and receive of seller the deed covenanted to be given in the contract hereby assigned in the same manner and with the same effect as I could have done had this assignment not been made.

Dated ________________________, 20___.

__________________________

ACCEPTANCE BY ASSIGNEE

I, _______________________, accept the above assignment of that contract dated. I agree to perform all obligations to be performed by assignor under the contract, according to the terms and conditions therein stated, and to indemnify assignor against any liability arising from the performance or nonperformance of such obligations.

Dated _____________________, 20___.

_________________________

CONSENT BY SELLER

I, __________________, the Seller named in the contract herein assigned, consent to the assignment.

Dated __________________, 20__.

__________________________

NOTICE

The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

Agreement Between Owner And Contractor

This agreement is hereby made and entered into this __ day of ____________, 20__, by and between _______________, of ________________, hereafter called Owner, and ___________________, of ___________________, hereafter called Contractor.

The said parties, for the considerations hereinafter mentioned, hereby agree to the following:

1. The Contractor agrees to provide all of the material and labor required to perform the following work for:

(Describe work to be Performed)

as shown by the drawing(s) and described in the specifications prepared by ____________________ and provided by the Owner, which are identified by the signatures of the parties to this agreement and which form a part of this agreement.

2. The Owner hereby agrees to pay the Contractor, for the aforesaid materials and labor, the sum of $__________________, in the following manner:

(Describe Method and Timing of Payment)

3. The Contractor agrees that the various portions of the above-described work shall be completed on or before the following dates:

(Insert Dates)

and the entire above-described work shall be completed no later than the __ day of ____________, 20__.

4. The Contractor agrees to provide and pay for all materials, tools and equipment required for the prosecution and timely completion of the work. Unless otherwise specified, all materials shall be new and of good quality.

5. In the prosecution of the work, the Contractor shall employ a sufficient number of workers skilled in their trades to suitably perform the work.

6. All changes and deviations in the work ordered by the Owner must be in writing, the contract sum being increased or decreased accordingly by the Contractor. Any claims for increases in the cost of the work must be presented by the Contractor to the Owner in writing, and written approval of the Owner shall be obtained by the Contractor before proceeding with the ordered change or revision.

7. The Owner, Owner's representative and public authorities shall at all times have access to the work.

8. The Contractor agrees to re-execute any work which does not conform to the drawings and specifications, warrants the work performed, and agrees to remedy any defects resulting, from faulty materials or workmanship which shall become evident during a period of one year after completion of the work.

9. The Owner agrees to maintain full insurance on the above-described work during the progress of the work, in his own name and that of the Contractor.

10. In the event the Contractor is delayed in the prosecution of the work by acts of God, fire, flood or any other unavoidable casualties; or by labor strikes, late delivery of materials; or byneglect of the Owner; the time for completion of the work shall be extended for the same period as the delay occasioned by any of the aforementioned causes.

11. In the event the work is delayed due to neglect of the Contractor, the Contractor agrees to pay the Owner the sum of $________________ per _______ as liquidated damages until such time as the work is completed.

12. The Contractor agrees to obtain insurance to protect himself against claims for property damage, bodily injury or death due to his performance of this agreement.

13. Neither the Owner nor Contractor shall have the right to assign any rights or interest occurring under this agreement without the written consent of the other, nor shall the Contractorassign any sums due, or to become due, to him under the provisions of this agreement.

14. This agreement shall be interpreted under laws of the State of _______________.

15. Attorney's fees and court costs shall be paid by the defendant in the event that judgment must be, and is, obtained to enforce this agreement or any breach thereof.

IN WITNESS WHEREOF, the parties hereto set their hands and seals the day and year written above.
____________________ _______________________
____________________ _______________________

Quit-claim Deed

THIS INDENTURE, made this __ day of ______________, 20__, by and between _______________________ of ____________________________, hereinafter referred to as the party of the first part and ________________________ of
____________________________, hereinafter referred to as the party of the second part,

WITNESSETH, that the said party of the first part, for and in consideration of One Dollar ($1.00) in hand paid by the said party of the second part, and for other good and valuable consideration, the receipt whereof is hereby acknowledged, has remised, released and quit-claimed and by these presents does remise, release and quit-claim unto the said party of the second part, and its heirs and assigns, forever, all the right, title, interest, claim and demand which the said party of the first part has in and to the following described lot, piece or parcel of land to wit:

(INSERT LEGAL DESCRIPTION)

TO HAVE AND TO HOLD THE SAME, together with all and singular, the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title, interest and claim whatsoever of the said party of the first part, either in law or equity, to the only proper use, benefit and belief of the said party of the second part its heirs and assigns, forever.

IN WITNESS WHEREOF, the said party of the first part has hereunto set its hand and seal the day and year first above written.

Signed, sealed and delivered in the presence of:

_____________________ ______________(SEAL)

_____________________

STATE OF ____________ :
:
COUNTY OF __________ :

THE FOREGOING INSTRUMENT was acknowledged before me this __ day of _________, 20__, by ________________.

__________________________

My Commission Expires: _________________

NOTICE

The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

Agreement Of Property Management

This Agreement is made and entered in this __ day of ______________, 20__, between ___________________, of ____________________________, hereinafter called "Owner", and _________________, of __________________________, hereinafter called "Manager".

Owner hereby employs the services of the Manager to manage, operate, control, rent and lease the following property:

(Insert Description of Property)

Responsibilities of Manager

The Owner hereby appoints Manager as his lawful agent and attorney-in-fact with full authority to do any and all lawful things necessary for the fulfillment of this Agreement, including
the following:

1. To collect all rents due and as they become due, giving receipts therefore; to render to the Owner a monthly accounting of rents received and expenses paid out; and to remit to the Owner all income, less any sums paid out.

2. To make or cause to be made all decorating, maintenance, alterations and repairs to said property and to hire and supervise all employees and other labor for the accomplishment of same.

3. To advertise the property and display signs thereon; to rent and lease the property; to sign, renew and cancel rental agreements and leases for the property or any part thereof; to sue and recover for rent and for loss of or damage to any part of the property and/or furnishings thereof; and, when expedient, to compromise, settle and release any such legal proceedings or
lawsuits.

Liability of Manager

Owner hereby agrees to hold Manager harmless from any and all claims, charges, debts, demands and lawsuits, including attorney's fees related to his management of the herein-described property, and from any liability for injury on or about the property which may be suffered by any employee, tenant or guest upon the property.

Compensation of Manager

Owner agrees to compensate Manager as follows:

Term of Agreement

The term of this Agreement shall commence on the __ day of ____________, 20__, and end on the __ day of ____________, 20__.

Upon expiration of the above initial term, this Agreement shall automatically be renewed and extended for a like period of time unless terminated in writing by either party 30 days prior to the date for such renewal.

This Agreement may also be terminated by mutual agreement of the parties at any time upon payment to Manager of all fees, commissions and expenses due Manager under terms of this Agreement.

Extent of Agreement

This document represents the entire Agreement between the parties hereto.

IN WITNESS WHEREOF, the parties hereto hereby execute this Agreement on the date first above written.

_______________________

_______________________

NOTICE

The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

Real estate investing education for free

Every experienced real estate investor understands that to succeed in property investing you need to study special texts, learn different investing techniques and never stop searching for new information.
But what if you just recently decided to start investing?

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One of the easiest and safest ways to start gaining real estate investment experience and some spare cash for your future deals is by bird-dogging, or in other words, providing qualified leads to more accomplished investors. You don't need money or good credit to start as a bird-dog and you will learn a lot working with real investors and real deals.

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The Lease Option (Lease Purchase, Rent To Own) method of real estate investing also doesn't need a large amount of initial cash investment and good credit ratings. It also can be done in your spare time without excessive risks, but this technique is more involved from the procedural point of view and needs a higher level of knowledge and experience than bird-dogging.

Several years ago two famous real estate authors Peter Conti and David Finkel released a very practical and informative book called "How To Create Multiple Streams of Income Buying Homes in Nice Areas With Nothing Down!" devoted mostly to the Lease Option method acquiring and controlling real estate without actually buying it. You can buy this book in your bookstore for about $20.00, but why would you want to do that when you can get this book for free from the author's web site at:
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Arguably one of the most profitable ways of property investing is buying foreclosures or pre-foreclosures. A foreclosure or distressed sale begins when the owner stops making mortgage payments. Thousands of investors make a business out of buying foreclosures for profit. The main problem here is that you have to know what are you doing if you want to avoid big and costly problems.

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Many homeowners with little or no equity at all have big difficulties selling their property because they have to come up with additional cash to pay for real estate agents' sales commission and so they are ready give up this property for free. If an investor takes this property without qualifying for the new mortgage and continues to pay the original owner's mortgage payments he is taking this property "subject to existing financing". Some lucrative deals could be done here.

Again, instead of buying the very informative book by Bill Gatten called "No Down! No New Loan!" in the bookstore, download the electronic version of the book for free from the author's web site at:
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You can make hundreds of thousands of dollars by buying a run-down house at the right price, using the correct finance structure, fix it up for the least possible cost and then sell it for maximum profit, or hold and use the newfound equity to help fund your next property.

To read several free chapters from the bestselling book "Fixer Upper Profits" by Sal Vannutini please visit this web site:
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I barely scratched the surface here. If you are persistent enough, you can find much more free valuable real estate investing educational materials, including more free books, reports, real estate forms and even free audio and video presentations. Fire up your computer and start searching.

Here are two more links that you will find very helpful:

The first link is an internet forum called "Links to every free real estate ebook known to man" belonging to the author of the best-selling book "Magic Bullets In Real Estate" by Dan Auito.
http://www.magicbullets.com/forum/forumdisplay.php?f=38

By following this second link you will find a page where many other free real estate investing books, courses, reports and audio recordings are listed.
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The real estate industry has created more millionaires than any other area of business; so don't let the lack of money stop you from learning this enormously profitable way of life.

Good luck!

Alex Bezborodko

----------------------------
Alex Bezborodko is owner of REIdepot.com - directory of real estate investing resources: courses, books, tapes and software rated and reviewed, plus free real estate articles, forms and message boards
----------------------------

Assignment Of Mortgage

THIS ASSIGNMENT OF MORTGAGE (hereinafter referred to as the "Assignment") is made as of this __ day of ______, 20___ by ___________________, whose address is ___________________________ (hereinafter referred to as the "Assignor") for the benefit of ____________, whose address is ______________________ (hereinafter referred to

W I T N E S S E T H :

WHEREAS, Assignor is the holder of that certain Mortgage together with the debt and Note secured thereby, in the original principal sum of _________________ Dollars ($_________) given by __________________________ as "Mortgagor", which Mortgage is recorded on the Public Records of ____________ County, ________ at O.R. Book ____, Page ____ and which Mortgage encumbers and is a lien upon thatcertain real property described in Exhibit "A" attached hereto and by this reference made a part hereof (hereinafter referred to as the "Premises"); and,

WHEREAS, Assignor is desirous of assigning said Mortgage, together with the Note and the debt therein described, to Assignee; and

WHEREAS, Assignee is desirous of receiving and holding said Mortgage, together with the Note and the debt therein described, from Assignor.

NOW, THEREFORE, for and in consideration of the sum of _____________________ Dollars ($___________) paid by Assignee, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, Assignor does hereby make the following assignment:

1. Assignment. Assignor has granted, bargained, sold, assigned, conveyed and transferred, and by these presents does grant, bargain, sell, assign, convey and transfer unto Assignee, its heirs, successors and assigns, forever all of its right, title and interest in, to and under said Mortgage described above, together with the debt and Note secured thereby; together with any and all rights, interests and appurtenances thereto belonging; subject only to any right and equity of redemption of said Mortgagor, its successors or assigns in the same.

2. Warranties and Representations. Assignor hereby warrants and represents that it is the present holder of the above described Mortgage and that there are no other holders of said Mortgage or any interest therein nor is there any default by mortgagor therein or in the note and debt secured thereby.

3. Governing Law. This Assignment shall be governed, construed and interpreted by, through and under the laws of the State of ________.

4. Headings. Paragraph headings contained herein are for convenience of reference only and are not to be used in the construction or interpretation hereof.

IN WITNESS WHEREOF, Assignor has executed and delivered this Assignment to Assignee on the date hereof.

Witnesses: "Assignor"
_________________ ____________________,

__________________

STATE OF _______)

)

COUNTY OF ______)

THE FOREGOING instrument was acknowledged before me this ___day of ____________, 20___, by __________.

________________________

Notary Public

My Commission Expires: _______

Memorandum of Contract For Sale And Purchase Of Property

This is a Memorandum of that unrecorded Contract for Sale and Purchase of Property ("Contract"), dated ____________, between ____________________________, (hereinafter referred to as "Seller"), and _________________________, (hereinafter
referred to as "Buyer") concerning the real property ("Property") described in Exhibit "A" attached hereto and made a part hereof by reference.

For good and valuable consideration, Seller has agreed to sell and Buyer has agreed to buy, the Property upon the terms and conditions set forth in the Contract, which terms and conditions are incorporated in this Memorandum by this reference. Except as provided in the Contract from the date hereof, Seller shall not have the right, with respect to the Property to enter into any new contracts, leases or agreements, oral or written, without the prior written consent of Buyer.

This Memorandum is not a complete summary of the Contract. Provisions of this Memorandum shall not be used in interpreting the Contract. In the event of conflict between this Memorandum and the Contract, the Contract shall control.

IN WITNESS WHEREOF, the parties have executed this Memorandum on _____________, 20__.

Witnesses:

SELLER:

_____________________ ______________________

_____________________

_____________________ ______________________

_____________________

PURCHASER:

_____________________ _____________________

_____________________

_____________________ _____________________

_____________________

STATE OF _______________)
)
COUNTY OF ______________)

The foregoing instrument was acknowledged before me this __ day
of ____________, 20__, by ________________ as Seller.

_________________________
Notary Public

My Commission Expires: _________________

STATE OF _______________)
)
COUNTY OF ______________)

The foregoing instrument was acknowledged before me this __ day
of ___________, 20__, by _______________ as
Purchaser.

_______________________
Notary Public

My Commission Expires: _________________