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Seller’s Defense Against the Flip: Restricting Purchase Agreement Assignment Rights

Sellers of commercial real estate generally loathe dealing with flippers.  What constitutes a flip?  A flip occurs when the “original buyer” enters into a purchase contract and then assigns the purchase agreement to the “ultimate buyer” prior to the closing.  First, the original buyer/flipper, if successful, makes a profit that the seller believes they should be pocketing....Read More. read more