Grandpa Ward and Helen goofin' off!

InnoVest Resource Management's

Foreclosure Forum

Home

Discussion Board

"Hands-On" Training

Title Holding Trust

Speaking Schedule

Store

Foreclosure Codes

50 State Resource Data

Foreclosure Glossary

Foreclosure Statistics

60+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan

Links

Contact / Map

Home

 

BBBOnLine Reliability Seal

[ 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: 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2004, InnoVest Resource Management
http://www.foreclosureforum.com

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

[an error occurred while processing this directive]