Is it possible to short sale a home during the redemption period?

R-biz
R-biz
Agent
Palmetto, FL

Home sold in foreclosure on 6/9/09. Ten business day redemption. FHA loan

Mon Jun 15 2009, 07:04 - Foreclosure in Palmetto - 1 answer
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Tom Teece
Tom Teece
Real Estate Pro
Lehigh Acres, FL
FIRST ANSWER

Hi R-biz,

I'm not an attorney and I'm not offering any advice. In my opinion, the redemption period is specifically for the foreclosed homeowner to redeem the judgement and make final settlement with the lender to keep the house. As far as I know, no other transaction can occur during the redemption period.

Anyone out there have direct experience with this? The included link will take you to the state laws governing foreclosure.

Best regards, Tom

Web Reference: http://www.foreclosurelaw.org/
Tue Jun 16 2009, 14:15
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