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SALE AND ASSIGNMENT AGREEMENT 2025

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The document is a Limited Liability Company Interest Sale and Assignment Agreement dated January 26, 2011, involving ColFin 2011 ADC Funding, LLC (the Private Owner), the Federal Deposit Insurance Corporation (FDIC) as Receiver for various failed financial institutions, and RADC/CADC Venture 2010-2, LLC (the Company). It outlines the sale of a fifty percent LLC interest from the FDIC to ColFin for $48,209,362. The agreement details the responsibilities of the parties regarding capital contributions, management of assets, servicing obligations, and conditions for transfer of interests. It also includes provisions for indemnification, compliance with laws, and procedures for dissolution and winding up of the company.

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What does for assignment mean in real estate?

Assignment contracts are a vehicle used by real estate investors to transfer one partys rights and obligations under an existing real estate contract to another party. Assignment contracts dont involve transferring or selling the property directly like a purchase agreement.

What is the difference between assignment and Sale?

In simple terms, the Contract of Sale sets the deals terms, while the Deed of Assignment seals the deal by transferring ownership. Both are crucial in making sure property transactions are clear and legally sound.

PurposeWhat is the purpose of an assignment and assumption agreement?

Editors Note: An assignment and assumption agreement assigns contractual rights or intangible personal property (such as intellectual property or goodwill) from one party, the assignor, to another party, the assignee, who will also assume at least some of the associated liabilities and performance obligations. Assignment and Assumption Agreement under the UCC bloomberglaw.com external document bloomberglaw.com external document

AssignmentHow to assign a purchase and sale agreement?

How Assignment of Contract Works in Real Estate Wholesaling Step #1. Find a seller/property. Step #2: Enter into an asdocHub contract. Step #3. Submit the assignment contract for a title search. Step #4. Find an end buyer to assign the contract. Step #5. Receive your assignment fee. AsdocHub Contract Basics for Real Estate Investors - Transactly | Blog transactly.com assignment-of-contract transactly.com assignment-of-contract

How does an assignment agreement work?

An assignment of contract occurs when one party to an existing contract (the assignor) hands off the contracts obligations and benefits to another party (the assignee). Ideally, the assignor wants the assignee to step into his shoes and assume all of his contractual obligations and rights.

What does for Sale on assignment only mean?

Whats an assignment? An assignment is when a Seller sells their interest in a property before they take possession in other words, they sell the contract they have with the Builder to a new purchaser.

What is a sale and assignment agreement?

An assignment of contract involves transferring a real estate contract from an original party (also known as the real estate wholesaler or assignor) to a new party (also known as the assignee). It is also referred to as an Assignment of Real Estate Purchase and Sale agreement.

What is assignment selling?

Assignment selling is a sales technique where a salesperson assigns their prospect specific tasks or actions through educational blog articles or videos during the sales process.

SALE AND ASSIGNMENT AGREEMENT 2025

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