Monday, July 20, 2009

Real Estate Investing : Without Recourse

Hello All:

There has been a lot of misinformation circulating through the real estate investing community about liability issues concerning assignments of contracts.

My attorney had me add these two simple words about 5 years ago, they are “without recourse”, meaning, if the party I assign the contract to defaults there can be no recourse against me.

Be well.

James Gage
www.JGage.com