Have A Question On Forclose Deal 1.1 Million

Hi Have a lead on a property. It was appraisd last year for 1.1 Million. Owner is in forclosure and has till Otober 17th to redeem. Will sell to me at 766K . tHIS HAS BEEN AUCTIONED FOR OVER 800k BUT REDEMTION TIME IS NOT www.UP.Can she legally sell to me. I intend to assign property to interested buyer. Thanks, Jim[ Edited by campocanty on Date 09/09/2004 ]

Comments(2)

  • campocanty9th September, 2004

    The property is in Colorado. Does that make it redeemable. Jim

  • JohnMichael19th September, 2004

    Quote:
    On 2004-09-09 09:32, campocanty wrote:
    The property is in Colorado. Does that make it redeemable. Jim


    Now I do not understand the question!

    You said she is to redeeme? Is their a redemmtion or not?

    You still can not buy it for less than auction price you stated unles the bank bought it back and you will have to do a short sale
    [addsig]

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