Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 on . Most recent reply

User Stats

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

Is this legal??

Melodee Lucido
  • 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?

Loading replies...