Ward's idea of manual labor

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Right of redemption?

Posted by Barry on February 26, 2002 at 8:52 AM

In Reply to: Post-sale REO arena in a mortgage state. posted by Ward-CA- on February 26, 2002 at 6:50 AM

Ward you stated:

: "Have you ever considered buying from the defaulted owner their right of redemption when you buy the property at auction? That way you’d hold both the certificate of title and the redemption right and wouldn’t have to wait thru redemption period since you own the right.
: Just a thought."

Can you explain this to me in a little more detail? I don't fully understand.
Thanks,
-Barry




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