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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] united states right of redemption Posted by Roberto Hirlemann on January 06, 2002 at 10:32 AM i bought a property in a foreclosure sale by the 1st mortgage. i knew that 2 other mortgages were owned by the sba and therefore had the united states right to redeem within 365 days.however, i also knew that the us government, at least in florida, has never excercised such right on a single family unit. the sba sold these mortgages to a private company which filed a law suit one day before the year was over to excercise their right of redemption. as a private do they have the right of redemption as if they were the united states government? roberto Follow Ups: Possible avenues of defence. Nick(Colorado) 1:43 PM, 01/06/02 (2) Re: Possible avenues of defence. JD 7:04 PM, 01/06/02 (0) Re: Meaning of SBA Ward-CA- 3:09 PM, 01/06/02 (0) Re: I suggest you look at Fl's right of redemption. Ward-CA- 10:58 AM, 01/06/02 (3) Re: I suggest you look at Fl's right of redemption. Roberto Hirlemann 11:18 AM, 01/06/02 (2) Re: I still think an SBA loan doesn't come with ROR. Ward-CA- 5:59 PM, 01/06/02 (1) I agree, but. JD 6:53 PM, 01/06/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : i bought a property in a foreclosure sale by the 1st mortgage. i knew that 2 other mortgages were owned by the sba and therefore had the united states right to redeem within 365 days.however, i also knew that the us government, at least in florida, has never excercised such right on a single family unit. : the sba sold these mortgages to a private company which filed a law suit one day before the year was over to excercise their right of redemption. as a private do they have the right of redemption as if they were the united states government? : roberto Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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