Posted by Bill H on September 24, 2004 at 09:52:15:
You can only buy the proerty from the OWNER.
Prior to the deed back to the lender, the OWNER who is deeding it is still the owner.
AFTER the lender accepts and records the 'Deed In Lieu" they are the OWNER and can deal with the property.
NO, you cannot buy from either…only from the one that has the right to convey the deed to you.