All Forum Posts by: Brandon Erlendson

 I guess I just have a really big heart and hate to see people in hard situations when I can help... but I do believe the line drawn has been crossed. I wont be following through with this after all as I dont want to put my livelihood at risk. Thank you all so much for your help, I sure do appreciate it! 

@Mike S.

To be fully transparent, 

The sale date was in mid February. On 03/06/2020 my bid on the home was accepted by the bank. I now have 7 days to choose whether I want to follow through with this ordeal or not. What raised the red flag for me was the instructions to make it my primary residence address. They fully lost the house in January as the local Sheriff office told them they could not return back to the home without first contacting them if they needed to get anything else. 

That state this purchase is occurring is California, and the purchase about is 250k. 

Hello,

We recently had a family friend lose their home to foreclosure. It comes out they didnt make the mortgage payment for the last 7 months and now they're out of the house. They have reached out to me and asked if I would be willing to place a bid on the home and buy it back from the bank for them. Where is gets a little sketchy is here.. they stated on paper I will have to state it will be my primary address/residence and I'm not buying it for them. This makes me wonder, is this a form of fraud or is this illegal? It seems like it could be as they are getting out of paying what they owe the bank and getting the house back at a cheaper price thus the bank is getting shorted. Any advice would be helpful! 

Thanks in advance.