Yes, you may be able buy back your house that’s in REO foreclosure if you are able to come up with the money to pay for it. If you repay all your debts and get a new mortgage, you can approach the bank and ask if they would sell your house back to you.  You can raise the money by selling objects you own like a second car, borrowing money from friends or family, and in some cases by taking a loan. Some states are “redemption states”. These states give you the right to get ownership of your home back by repaying (called redeeming) the debt. In these states the lender must sell you the home back. Check with an attorney to find out if your state is a redemption state. Pro tip: There are also non-recourse states.  Non-recourse states (as of today 02/23/2022) include Alaska, Arizona, Washington, Utah, Idaho, Minnesota, California, North Carolina, Connecticut, North Dakota, Texas and Oregon. These states only allow non-recourse loans which means the lender can take the home but not sue for additional damages. In other states, you may have either type redemption or non-recourse loans.