Katie - what is stated below is only if the system passed Title V and has been pumped for the last three years. Escrow gives you only 90 days to get the system inspected and upgraded. Speak with an attorney - I know a great attorney in Westport who would be happy to answer your questions.
Her name is Trisha Perry McGowen, Attorney at LAw - 508-636-4474
Here is the gist of what you are looking for. This pertains to title transfer by Foreclosure or deeds in lieu of foreclosure: Within two years before or six months after the execution of the memorandum of sale or delivery of the deed in lieu of foreclosure to the foreclosing institution or the loan servicer. An inspection conducted up to three years before the time of transfer may be used if the inspection report is accompanied by system pumping records demonstrating that the system has been pumped at least once a year during that time.
As far as the Redemption period goes, that is a legal question best answered by a Real Estate Attorney. Even though we Realtors may know the answer to some of these questions, it is best to talk to a legal professional.
Keller Williams Realty
RCardoza@KW.com http://www.Your SoCoRealtor.com
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