Is it legal to assign a real estate sales contract (a.k.a. purchase agreement) in Virginia?
Also, can Title companies legally perform back-to-back closings (not to be confused with simultaneous closings) on real estate in Virginia?
Thanks in advance!
1 Answer from Attorneys
Contracts may be assigned, unless the terms of the contract prohibit assignment. A settlement agent may conduct a back to back closing, though the circumstances and reasoning behind a back to back closing should be clearly understood.