buying property back after short sale ?

[Alex Smith]

not a legal question, apologies for the detailed background.

hi community -> we are 2 partners of a LLC, that is in the process of surrendering a commercial property back to the lender via a deed-in-lieu. We are forking over big money plus giving up the property to settle this with the lender.

I am partner 1 (passive) in CA, and managing member/partner 2 and said property is in NJ. Is there anything that prevents the NJ partner from buying the same property back from the lender at a future date for a reduced price?

I suspect fraud, and feel that the entire deed-in-lieu process, has been set up to allow partner 2 to buy the property at a discount.

thanks in advance