House Denied Loan Modification Not even a good reason - But Family member can afford houseIf a house is approaching a foreclosure Auction Sale Date, and the house is upside down from unpaid balance to the value. How can we buy the house back? It will be in another persons name how would this work? I know the house will not get sold at auction, because the house is not in so good shape, and the bank will be asking for too much. What are our options? What happens after the auction? We can pay the fees to get the house in current condition, but we want to get it cheaper at auction and we can afford it the house. The bank has denied our modification for some nonsense reasons. If we bought it at Auction can we stay in the house while this is happening? Would love some help.December 23 2013 - San Diego00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.