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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: But I've seen them bid less.. Posted by Tom (MI) on July 09, 2003 at 4:42 PM In Reply to: But I've seen them bid less.. posted by Angela on July 01, 2003 at 4:56 PM Angela, you are correct. I think MN is similiar to MI redemption. Not sure though. In MI, when the owner redeems then everything is paid off including all junior liens. As if the sheriff's sale never happened. The junior liens are only wiped out when the foeclosing lender actually takes ownership of the house. Tom Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Angela, you are correct. I think MN is similiar to MI redemption. Not sure though. In MI, when the owner redeems then everything is paid off including all junior liens. As if the sheriff's sale never happened. The junior liens are only wiped out when the foeclosing lender actually takes ownership of the house. : Tom 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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