What Is a Bona Fide Purchaser?
A bona fide purchaser or BFP is someone who purchases something in good faith, believing that he or she has clear rights of ownership after the purchase and having no reason to think otherwise. In situations where a seller behaves fraudulently, the bona fide purchaser is not held responsible. Someone with a conflicting claim to the property under discussion would need to take it up with the seller, not the purchaser, and the purchaser would be allowed to retain the property.
