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Updated almost 8 years ago on . Most recent reply

Will Mitchell's profile image
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Will Mitchell
  • Flipper/Rehabber
  • from Bel Air, MD
  • Member since Feb 8, 2017
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Will Mitchell
  • Flipper/Rehabber
  • from Bel Air, MD
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Will Mitchell
  • Flipper/Rehabber
  • Bel Air, MD
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Wholesaling

How can I assign foreclosure auction contract?

Will Mitchell
  • Flipper/Rehabber
  • Bel Air, MD
Posted

I just bought a property at foreclosure auction.  I have heard of people assigning foreclosure auction properties but do not know how to do this.  In the past I have double closed on deals such as these.  This particular deal doesn't have the enough spread to do a double close.  Can anyone shed some light on this situation?  (I am in Maryland)

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Russell Brazil
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ModeratorReplied

I could be mistaken, but any contract is assignable unless it states otherwise. However REO properties do typically state that the contract is not assignable

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