Assigning A Auction Purhcase

If I purchase a house at the sheriff sale, can I assign that purchase contract to another party?

Thanks,

Kyle

Comments(2)

  • active_re_investor13th June, 2004

    As a general rule assume that any auction is going to lead to you closing on the deal quickly. You really do not have a contract that can easily be changed or assigned.

    If you really want to flip then stay away from auctions unless you are a cash buyer and can then resell after you take title.

    John
    [addsig]

  • FirstPsalms14th June, 2004

    I have a property that I am hoping to get before the sale; but if i dont i want to get it at the sale. I already have a buyer lined up (assuming he doesnt go to the sheriff sale and take it first). So, i cant buy it at the auction and then the next day assign it to a third party??

    Thanks,

    Kyle

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