Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 15 years ago,
Property is scheduled to go up for foreclosure auction next month
I came across a property scheduled to go to foreclosure in April. I was told by the lawyer who is handling the foreclosure that the house is currently in posession of the owner. Is it true that I can get in trouble if I approach the owner facing foreclosure to purchase the house and sell it later for a higher price than what the owner currently owes for the house?