Buying foreclosures usually means bidding at a foreclosure auction or making offers to a banks for properties. This can be a time consuming and frustrating process. However, what if an investor could go straight to a property owner and acquire their right of redemption? We discuss how in this article. What Is the Right of … Read more
With the right of redemption a borrower (mortgagor), or a third party who purchases the right, can reclaim a property during foreclosure or after a foreclosure auction sale. In this article we discuss who can exercise the right of redemption and how it affects the debtor, lender and buyer in a foreclosure sale situation. The … Read more
The right of redemption can cause a real estate investor to have to give back the property they win at a foreclosure auction to the original homeowner. Which are the states with right of redemption? Read on find out… What is the Right of Redemption? The right of redemption gives a homeowner that is in … Read more