Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

4
Posts
0
Votes
Will Mitchell
  • Flipper/Rehabber
  • Bel Air, MD
0
Votes |
4
Posts

How can I assign foreclosure auction contract?

Will Mitchell
  • Flipper/Rehabber
  • Bel Air, MD
Posted

I just bought a property at foreclosure auction.  I have heard of people assigning foreclosure auction properties but do not know how to do this.  In the past I have double closed on deals such as these.  This particular deal doesn't have the enough spread to do a double close.  Can anyone shed some light on this situation?  (I am in Maryland)

Most Popular Reply

User Stats

17,741
Posts
30,711
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,711
Votes |
17,741
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

I could be mistaken, but any contract is assignable unless it states otherwise. However REO properties do typically state that the contract is not assignable

business profile image
District Invest Group
5.0 stars
45 Reviews

Loading replies...