Property Prices Usa Can Anyone Enlighten Me Regarding The Viability Of Buying A Distressed Purchase Property In The USA?

Can anyone enlighten me regarding the viability of buying a distressed purchase property in the USA? - property prices usa

My impression is that the person whos property was back the construction company and the bank can not redeem the property when you arrive in money for the same price as the new owner pays, regardless of any amount of money for the new owner improve or expand. and that it is no time limit, if we can it.Is this?