Foreclosure in 55123 : Advice

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Gail Strom, Real Estate Pro in Apple Valley, MN
Gail Strom answered:
Can I buy a forclosure house if its still in the redemption period and not on the market?
You can if the owner is willing to work with you but keep in mind that the bank doesn't have authority to sell it until the redemption period expires. Now, if the home has been vacant f ... more
0 votes Share Flag Mon Jan 27, 2014 Foreclosure in 55123
Simon Campbe…, Real Estate Pro in Miami Beach, FL
Simon Campbell answered:
If I buy a house that is still in its redemption period and the original owner redeems it later, will I get my money back from the current seller?
A California borrower only has a right of redemption if the property is foreclosed through the court system in a judicial foreclosure. The redemption period is set by the court and is n ... more
0 votes Share Flag Mon Dec 10, 2012 Foreclosure in 55123
Christine Wr…,  in White Bear Lake, MN
Christine Wrobel answered:
Buying foreclosure during redemption period
Hi Paula, Short sales can be very complicated. The bank is pretty much in charge but doesn't really care to much at this point because they don't have possession. Every bank is differen ... more
0 votes Share Flag Thu Jun 5, 2008 Foreclosure in 55123
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