Notice of Assignment of Contract by Seller
Date: August 1, 2050
To: [Buyer's Name]
[1234 Buyer's Address]
[Big City, Any State, 000]
Dear [Buyer's Name],
We are writing to inform you of a recent development regarding the purchase agreement for the property located at [567 Property Address]. This notice serves to formally notify you of the assignment of the aforementioned contract by the seller, [Seller's Name], to [Assignee's Name].
Details of Assignment:
Original Contract Date: | [Month, Day, Year] |
Property Address: | |
Seller's Name: | |
Assignee's Name: | |
As per the terms and conditions outlined in the original purchase agreement dated [Month, Day, Year], the seller, [Seller's Name], has opted to assign all rights, interests, and obligations under the contract to the assignee, [Assignee's Name]. This assignment of contract is in accordance with applicable state laws and regulations governing real estate transactions.
Please be advised that all future correspondence, payments, and obligations pertaining to the aforementioned purchase agreement should be directed to the assignee, [Assignee's Name], effective immediately. The assignee assumes all responsibilities and benefits associated with the contract, including but not limited to, the closing process and any contingencies outlined therein.
Contact Information for Assignee:
Name: | [Month, Day, Year] |
Address: | |
Phone Number: | |
Email: | |
Should you have any questions or require further clarification regarding this assignment of contract, please do not hesitate to contact us at [Your Company Number] or [Your Company Email].
We appreciate your attention to this matter and look forward to a smooth transition in the closing process.
Sincerely,
[Real Estate Agent]
[Your Company Name]
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