redemption period #2???
thanks kurmann for the last response..i asked earlier if there was anything on the REI side during the redemption period..why i asked was i lost a pretty good deal due to the bank not wanting to mess with me so close to the auction, however, the ex-owners would still like to do something and recoup some equity..will the banks REO or the new interim private owners allow any assignments for the property during the period of redemption?? thanks, regards-pat
It is not an REO if the bank does not own the house. If they are still in the redemption period than the bank does not own the house the homeowners own the house. All you have to do is deal with the homeowners and not the bank. That is if you are not doing a short sale.
Tom
thanks tom--for some reason i always thought the terms changed after the sale..its good to know..regards-pat