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Updated 3 months ago on . Most recent reply

Marlon B.'s profile image
Marlon B.'s profile image
Marlon B.
  • Member since Oct 20, 2020

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Marlon B.'s profile image
Marlon B.'s profile image
Marlon B.
  • Member since Oct 20, 2020
Marlon B.
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Foreclosures

Question on Purchased-Buy Back

Marlon B.
Posted

If a property goes into foreclosure and the lender purchases it at the sheriff sale, the status shows "Purchased-Buy Back." The paperwork indicates that the lender paid $1,249,000.00 for the property. Is this a self-payment by the lender?

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