Question About Redemption
When a property is in redemption and the bank has bought it, is it to late to negotiate with the bank to buy the home at a lower price? I have a person who just had thier house forclosed on and the property is in redemption. I may want to do something with this, but they owe as much as the house is worth.
Any answers?
when in the redemption period the person that was f/ced upon maybe "redeem" the prop. from the bank but will have to pay the full value and all the related f/c and any other fees incurred in the process. not to say that the bank would not accept a discounted bid but not likely.........km[ Edited by kenmax on Date 10/06/2004 ]
Thanks
I appreciate your help.