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Updated about 8 years ago on . Most recent reply

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Will Mitchell
  • Flipper/Rehabber
  • Bel Air, MD
0
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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)

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,469
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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

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