Mortgage fraud ? - Robinson and Henry

If my mortgage is being defaulted, and my house is foreclosed by the bank, can a friend of mine buy it from the bank in an auction so I could rent it from him and continue to live in the house? or that would be considered as a mortgage fraud ?

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Bill HenryFounding Partner | 18 years of experience

Bill HenryFounding Partner 18 years of experience

Anyone can buy a property at auction. What they then choose to do with it is after they purchase it is up to them.

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The response provided is based on the available information and is not intended to constitute a comprehensive answer to the inquiry. The only manner to obtain complete and adequate legal advice is to consult with an attorney. Please be advised that no communication, including Q&A postings, through this website establishes an attorney-client privilege, and such exchanges do not create an attorney-client relationship and will not be treated as confidential. The information presented is general information only and should not be relied upon to take, or fail to take, legal action.

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