I might start with consulting a lawyer to determine your position. At some point you could be in a position to purchase the property like anyone else, however if you can find out who holds the mortgage, you may be able to consult directly with them.
unfortunately you are powerless against the others that live there...
email me privately and I may be able to give you a little information IF i had the address of the building.
It will come down to the bank establishing what they want for the property, what you can afford/offer and a lot of negotiating... you will need a good realtor and lawyer likely to help. The property should be inspected as well to ensure your not buying a money pit...
Well you are in a complicated situation, however the possibility could exist where buying out the landlord could work. I am a local Real Estate Broker here in Augusta, and I would be happy to go over steps for a short sale or foreclosure with you.
Please give me a call at 462-9583 or I can be reached at the office.
Century 21, Venture Ltd.
1 Orchard St
Augusta, ME 04330
622-6221 x 240
Jeff's answer below was very informative and on the right track. Thumbs up on the advice below.
If you can find the lender's name and consulting an attorney and Realtor in your area, you'll be on the right track.
Best of Luck with your situation, it's sounds tough, but you're asking all the right questions.
As far as buying out your landlord, go see who owns it first. Once you find out, get qualified for financing, then hire a real estate BROKER (not a sales agent) and go from there.
Victor Chau - Real Estate Broker
Gammon Realty Group
1274 Bridgton Rd
Westbrook, ME 04092
email : Vic@VicsRealty.Com
"Helping Buyers and Sellers 1 house at a time."