Here’s the Exact Contract Language Attorneys Told Me to Use
In this segment, real‑estate investor Nathan Payne explains how he protects deals when sellers change their minds. He outlines the use of a “notice of interest” and a recorded affidavit memorandum to secure a right‑to‑purchase, preventing sellers from selling to a higher bidder while still allowing them to back out voluntarily. Payne emphasizes the ethical framing of this approach and notes its effectiveness in preserving deals and giving him confidence once a seller signs. He then shifts to a concrete example: a current Atlanta MLS transaction where he is employing a novation. The previous wholesaler had clouded the title, prompting the title company to demand a payoff. Payne describes his process of contacting the prior wholesaler to resolve the cloud and move the deal forward.
