Q: If someone is evicted from their house for not paying the mortgage, can they repurchase the house at a later date?
For example they get evicted in March. The company that controls the mortgage evicts them, cleans up and refurbishes the house for sale. Is it possible for the person who was evicted to make an offer several months later to repurchase the house? Would they have to pay the mortgage payments they didn't pay for X amount of years?
A: It is possible--once the bank owns the property they would list it for sale and would have the ability to accept/reject offers on the market.
Steven Warren Smollens agrees with this answer
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