|
||||
| | ||||
Posted by sam on October 18, 2002 at 23:03:01:
In Reply to: After Redemption... posted by Andrew on October 18, 2002 at 18:24:45:
: My home was sold in a foreclosure sale about 2 months ago. I had a short sale arranged but the bank personnel dropped the ball. So now it is in redmption and I have a buyer. My redemption amount is 109k. I am selling the house for 125k. What can I expect to happen after the house sells? WIll the bank come after me for the 10k difference on the original note even though the property is foreclosed?
A broker told me if the house was sold in foreclosure for more than is owed I should receive the difference. Is this correct. What is the redemption process?
