Can a tenant circumvent foreclosure on a house by offering to buy it from the mortgage company if the owner is in default and is refusing to sell?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Can a tenant circumvent foreclosure on a house by offering to buy it from the mortgage company if the owner is in default and is refusing to sell?

We live in a home with my father.My brother-in-law swindled my father out of tbe house years ago but having him sign it over and convinced my elderly father to not get a lawyer and

Asked on July 2, 2019 under Real Estate Law, New York

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

No, tenants lack an ownership interest in the house and don't have a right to redeem it from foreclosure; and if you (or anyone) paid the default prior to foreclosure, you'd redeem for the owner--your brother-in-law.
You can try to buy it from the bank after foreclosure, but that's the best you can do and the only way to get it.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption