Question:
Is it legal one company own property let it foreclose, then have a sheriff sale only for of their other corporate partners to take over
Answer:
you should really try to make your question more clear, try taking an introductory writing class at your local community college or adult learning center, no offense. there are also books that can help you learn how to formulate your ideas better and make you a better communicator. as for the answer, it might be considered illegal under the local or state fraud statutes but you would have to check with an actual legal authority.
If the property is foreclosed through the court system, it will be sold at the court steps and anyone can bid on it and buy the property.
auctions are open to the public and anyone can bid, if another company is the highest bidder then they win
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