Legal question - REO Property Preservation Forum
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post #1 of 2 (permalink) Old 04-07-2019, 08:17 PM Thread Starter
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Legal question

Is it legal to get into an auction on a foreclosed property or make an offer on it once you receive a work order on it??
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post #2 of 2 (permalink) Old 04-08-2019, 06:26 AM
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Quote:
Originally Posted by [email protected] View Post
Is it legal to get into an auction on a foreclosed property or make an offer on it once you receive a work order on it??
Each company sets their own policy when it comes to this. For example - Freddie Mac says if you've completed any work on the house you're not eligible to purchase it, where USDA has no problem with that. Ask the realtor or auction company, they'll know.
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