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Updated almost 8 years ago,

James W.'s profile image
James W.'s profile image
James W.
  • from Jersey City, New Jersey
  • Member since May 17, 2016
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170
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11
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James W.'s profile image
James W.'s profile image
James W.
  • from Jersey City, New Jersey
  • Member since May 17, 2016
Connect
James W.
  • Jersey City, NJ
11
Votes |
170
Posts
Foreclosures

Redemption after Sale of REO.

James W.
  • Jersey City, NJ
Posted

Hi guys - 

What happens if the foreclosed owner tried to redeem the property that I have bought from the lender?

The property is no longer with the lender - so does he take it back from me?

Does the owner pay the lender, or me?

Does the bank return me my purchase price?

Thanks.

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