HUD lease back to previous owner! Lawyers wanted!
This is a queation whether the following scenario that I find myself in will be legal to pursue.
State: Pennsylvania
A friend of my grandmother has her house going on sheriffs sale because she has not paid taxes on her house. The sale will commence next month and she will have nowhere to go and surely will need to be housed by the local housing authority. She wont be able to sell in that time because the market is cold in the area and the house is out dated.
If I were to make the purchase at the sheriff sale and she qualified for housing assistance and I was able to get the house qualified for HUD, then could I rent the house back to her?
I have never met the woman. This is the house she grew up in and lived for 8 decades. Its the best way I can see myself helping her out.
Please let me know what youre thinking. I obviously do not know much about HUD or how the tenant process works.
All are welcome to comment.