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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Purchase of right of redemption Posted by Ward-CA- on February 16, 2004 at 10:39 PM In Reply to: MN--redemption period posted by msmith on February 16, 2004 at 2:50 PM : Hello, : We won the bidding at the sheriff's auction for a property, and are in the 6-month redemption period. Assuming we can locate the mortgagor, we'd contact him about him releasing his redemption rights. : But I can't find mention in MN statutes about assigning redemption rights; is this a contract-law thing available in all states? Does a quitclaim do the same thing? Any info will help; thanks! ================= M. Smith, Draft a simple Agreement of Sale of Right of Redemption. If you find it too tough just go to your local law library and copy a standard Agreement of Sale out of a legal forms book and modify it for the sale of the ex-owner’s Right of Redemption. You might visit the Sheriff’s office to ask if there’s a standard for buying the Right of Redemption from the ex-owner. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello, : : We won the bidding at the sheriff's auction for a property, and are in the 6-month redemption period. Assuming we can locate the mortgagor, we'd contact him about him releasing his redemption rights. : : But I can't find mention in MN statutes about assigning redemption rights; is this a contract-law thing available in all states? Does a quitclaim do the same thing? Any info will help; thanks! : ================= : M. Smith, : Draft a simple Agreement of Sale of Right of Redemption. If you find it too tough just go to your local law library and copy a standard Agreement of Sale out of a legal forms book and modify it for the sale of the ex-owner’s Right of Redemption. : You might visit the Sheriff’s office to ask if there’s a standard for buying the Right of Redemption from the ex-owner. 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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