Re: Redeem property after sheriff sale

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Posted by Nick(Colorado) on February 24, 2005 at 17:40:51:

In Reply to: Redeem property after sheriff sale posted by Mike on February 24, 2005 at 16:32:43:

Mike:

The lender is not involved at this point in time. First
you need to contact the trustee of the sale to get the
redeption figures. This is your starting point. If you
intend to keep the property for yourself you will need to
come up the redeption amount, either as a new loan
or cash. If you sell the property before the 6 months
is up, then the closing agent will handle getting the
monies to the trustee.

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Comments:
: Mike:

: The lender is not involved at this point in time. First
: you need to contact the trustee of the sale to get the 
: redeption figures. This is your starting point. If you 
: intend to keep the property for yourself you will need to 
: come up the redeption amount, either as a new loan 
: or cash. If you sell the property before the 6 months 
: is up, then the closing agent will handle getting the 
: monies to the trustee.


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