Legal Question in Real Estate Law in Iowa

profiting from foreclosure

my friend is in foreclosure. his lender offered him a 60 day, 30% buyout? he plans on selling his house privately for far less than the original remaining balance and more than the 30% buyout offer and pocketing the rest. if this is possible, it would seem to me that he is profiting for being a deadbeat?


Asked on 8/31/08, 1:30 pm

1 Answer from Attorneys
Thomas Moens Moens Law Offices, Chartered

Re: profiting from foreclosure

It certainly does.

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Answered on 9/02/08, 1:27 pm


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