InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Possible avenues of defence. Posted by Nick(Colorado) on January 06, 2002 at 1:43 PM In Reply to: united states right of redemption posted by Roberto Hirlemann on January 06, 2002 at 10:32 AM Roberto Hirlemann: Please note that agencies of the US government, other than the IRS, enjoy a one year redemption period. Roberto this may be a real case of back luck, especially if your cost of money is greater than 6%, opportunity cost, etc... Two possible avenues of defence: 1. As you noted: Agencies of the US government, other than the IRS, enjoy a one year redemption period. NOT private investors to whom they sell there portfolios. 2. Please review Florida's law, very carefully. Under Colorado law the redeeming party must inform the trustee of the intent to redeem before the owner's redeeption expirers. Apparently this is also the case for agencies of the US government. Also, please excuse my ignorance, but what is the SPA? Follow Ups: 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) Post a Followup: Name : E-Mail : Subject : Comments: : Roberto Hirlemann: : Please note that agencies of the US government, other : than the IRS, enjoy a one year redemption period. Roberto : this may be a real case of back luck, especially if your : cost of money is greater than 6%, opportunity cost, etc... : Two possible avenues of defence: : 1. As you noted: Agencies of the US government, other : than the IRS, enjoy a one year redemption period. : NOT private investors to whom they sell there : portfolios. : 2. Please review Florida's law, very carefully. Under : Colorado law the redeeming party must inform the : trustee of the intent to redeem before the owner's : redeeption expirers. Apparently this is also the : case for agencies of the US government. : Also, please excuse my ignorance, but what is the SPA? 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

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455