Re: Redemption periods
Posted by Nick(Colorado) on June 21, 2005 at 12:14:20:
In Reply to: Redemption periods posted by Terry from Michigan on June 21, 2005 at 10:33:13:
Terry:
It would be easy to say that the auction in a redeption state is a non-event. However this is not always the case. I do occasionally buy at auction (75 day ROR period)and get properties. To work in a redeption state you really need to divorce your mind from the finallity and honesty of the auction. You need to replace this withvarious algorithms that fall into the whishy-washy andsleazy departments. Talk to the other "biders" at auctionand see what works well in your area.
