The order of things after trustee sale

Posted by Jom on February 13, 2003 at 14:58:46:

I just went and watched my first trustee sale.

Now that the sale is over, the owner has (in Colorado) 75 days to redeem.

If I wanted to work a deal with the "current" owner, would I:

Pay them a small fee (whatever we work out), for which they would deed the property to me, and then I go down and redeem the mortgage?

Is that the order it is done?

Jom

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Comments:
: I just went and watched my first trustee sale.  

: Now that the sale is over, the owner has (in Colorado) 75 days to redeem.

: If I wanted to work a deal with the "current" owner, would I:

: Pay them a small fee (whatever we work out), for which they would deed the property to me, and then I go down and redeem the mortgage?

: Is that the order it is done?

: Jom


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