Assignment of Owner

Finance and Purchase

Contract
Property Address

Home Buyer Name

The Assignor agrees to assign its purchase contract and its owner finance
contract on the above property to _______________________________ (Assignee)
and Assignee accepts the contracts on the following terms:
The Investor will receive all of the monthly cash flow from the
delta of their interest rate and the Buyers interest rate of 8.9%
_____
The Investor will also benefit from the rapid principle reduction which
will occur because their interest rate will be lower than the Home Buyers
interest rate.
Upon closing, closing agent is directed to release escrowed monies to
Investor as follows:
1. Investor will be paid 5% ___% of the purchase price.
2. Investor will be reimbursed the exact closing costs on the
closing statement. This includes any out of pocket monies Investor
may have paid for appraisal, survey, fed-x wire fees, etc.
NO MARK UP: Investor pays -0- for Assignment of Contract. The
Investors total out of pocket net investment is to be exactly
15% ___% of the purchase price.

This agreement only becomes effective when the Investor has placed the
required earnest money in good funds at the title company to lock in the
Purchase Contract.

X____________________________________
Investor (Assignee)
X____________________________________
RCS Trust (Assignor)

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