Won Auction, can I reassign the winning bid to someone else

[Craig Gilliam]

I won the high bid on a foreclosure auction at my local courthouse this week, and now have a message from someone interested in the property. Since I only paid down payment at courthouse wondering if I could reassign the bid to this person, basically sale it before I do my financing for more than won the bid for.

[Jeff Kehl]

@Craig Gilliam I think no one is jumping in on this one because you're essentially asking a legal question which is very specific to South Carolina law and no one including me is going to offer you legal advice :)

You need to fulfill your obligation under the foreclosure law and follow through on purchase of the property.

However, if you've got someone interested there is probably a good way to structure it. For instance they could be the lender to you and a purchaser all in one contract.

Best to find a local attorney fast. But also keep in mind your potential buyer may not be real and you need to  be prepared to close on the property yourself in the event they don't work out.