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Updated almost 4 years ago,

User Stats

5
Posts
0
Votes
Steven Yow
  • Rental Property Investor
  • Boone, NC
0
Votes |
5
Posts

Bid assignment for cash. Illegal?

Steven Yow
  • Rental Property Investor
  • Boone, NC
Posted

I have a high bid at an auction in NC. I was approached with a deal to assign my bid to them for a price of $xx,xxx. After reading up on this, it feels like fraud and illegal The proposer said that assigning the bid for cash was not illegal, but offering cash to not upset the bid was the only illegal issue. 

Either way I am not taking the offer, just need a little clarification from someone who has been in this position before. One day I might would rather have the cash than the house.

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