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

Raymond Weicker Qua, Hall, Harvey & Walsh

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.

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Answered on 11/12/15, 7:48 am

Yes, once the home goes to auction anyone can buy it

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Answered on 11/12/15, 10:01 am

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