What is an Assignment of Beneficiary Contract?
This contract exists if the buyer/investor wants to assign his interest, or contract, prior to taking title to the property. This saves money if the buyer/investor is simply selling the lot for a short term profit. The seller may offer this type of contract if the Bank Trust has already been opened for that particular parcel. This saves time, money, and the hassle of having an individual travel to Mexico to sell their interest (or having a Power of Attorney do it for you).
