Re: depends
Posted by njdave on November 30, 2002 at 13:41:25:In Reply to: Forclosure at SALE stage posted by Gloria Crawford on November 30, 2002 at 12:44:35:
It depends upon several factors specific to the laws and customs of your state. If your state offers a Right of Redemption (ROR) period... then you have the right to redeem ownership. It's doubtful that you could 'reinstate' a mortgage following Sale. You would have to secure and introduce fresh money.
Best course of action would be to have the Sale delayed, then negotiate a reinstatement with the foreclosing lienholder.
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Comments:: It depends upon several factors specific to the laws and customs of your state. If your state offers a Right of Redemption (ROR) period... then you have the right to redeem ownership. It's doubtful that you could 'reinstate' a mortgage following Sale. You would have to secure and introduce fresh money.: Best course of action would be to have the Sale delayed, then negotiate a reinstatement with the foreclosing lienholder.Optional Link URL : Link Title :