Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
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

Updated over 12 years ago,

User Stats

388
Posts
132
Votes
Melodee Lucido
Pro Member
  • Real Estate Investor
  • Oregon
132
Votes |
388
Posts

Is this legal??

Melodee Lucido
Pro Member
  • Real Estate Investor
  • Oregon
Posted

I just talked to a man who responded on a l/o ad. He has a house that's going to auction in Chico Ca today at 2pm. He said he had an investor that was going to buy the house at auction and then l/o back to him (in his wife's name).

I thought I read that it was illegal to do this---or maybe it's illegal to do it if it's before the sale.

Is there any thing that can be done to help this guy buy just a bit more time. Years ago I remember people pulling houses off the block in the midnight hour---I know it all depends on alllll the history of the deal.

Any input?

  • Melodee Lucido
  • Loading replies...