A topic came up in a forum I am using today and it was something I have never heard of before. Using assignments and contemporaneous (sounds wrong but thats the word they used). I have never heard of either of these and was wondering if anyone could shed some light on what they are and the benefits of using them. I looked at Wikipedia but they used a whole heap of legal jargon that didn't make sense.
http://investigateway.com.au/notes_-_when_to_make_notes_contemporaneousl...
Kyron,
Maybe this is related.
Jane
Hi kyron
after talking to you yesterday curiosity got the better of me so when I got home I checked your post question. While I am unsure of what is actually meant by what you read, it would seem that contemporaneous definition that might make it understandable is "best and strongest". So maybe they are looking for ,the best and strongest definition.
hope that helps land that I haven't misled you with what we talked about yesterday!
Cheers
Cherie
Hi Cherie
I think you were on the money the other day. It was presented to me as a strategy that investors could use to onsell a property while they still have it under contract. So from what I understood from you the other day is that simultaneous settlement is when both parties settle on the same day, but contemporaneous settlement, means I could settle with the new owner before I settle with the old owner or something similar?
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