Quote:
Originally Posted by Winsor_Pilates
The assignee pays you for your deposits and a "lift" negotiated between the 2 of you. so basically you do get your money right away if that's how you negotiate it between yourself and the assignee and then they assume the rest of the balance still owing.
The beauty of an assignment if done right, is that you never even need to get a mortgage. You just need the 10% or so for deposits and then you enjoy the lift if the value goes up.
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Awesome thanks. Yeah I've spoken with a few people that have done that and I wasn't quite sure how it worked.