First I'd like to state that I do business in Quebec, Canada so it's done a bit differently here but maybe some of you have encountered the same problems I have.
The problem I'm having is with the person I'm reassigning the contract to. I'm currently in the process of reassigning 2 deals to people I know and they're having both the same issues. The bank is giving them a hard time because the purchase contract is not "originally" in their name. The reassignment contract has been signed. The amendment stating the the contract is now assigned and in the name of the new buyer is also signed but yet, the bank is still giving them trouble.
I don't know if this is a local thing but have any of you run into such issues and if so, what was your solution to circumvent it?