Legal Question in Real Estate Law in Massachusetts

I would be happy to run this by my real estate partner for you if you are interested in e-mailing me. In order to make sense of it, think about from the bank's point of view. If a person in foreclosure who owes the bank $200,000 could just sell to a family member for $10.00, the bank would be out $190,000 and the transaction would appear to be a sham. The bank has the choice to sell to you or to put the home on the open market and see how much money they can get at auction. I can certainly see how this is frustrating, and it may help for you to have an attorney. Assuming you are the person willing to pay the most for the house, I can't see them rejecting your offer eventually.