Legal Question in Real Estate Law in Massachusetts
Can the existing bank you have a mortgage with buy your home once it goes into foreclosure at an auction at a low price then market it and sell it at a high price?
Asked on 11/12/15, 5:43 am
2 Answers from Attorneys
Yes. A home can be purchased by anyone at the auction (even the bank), and later resold. There may be challenges to a foreclosure auction itself and you should consult with a lawyer.
Answered on 11/12/15, 7:48 am
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