Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 15 years ago,

User Stats

25
Posts
13
Votes
Thos. A.
  • Real Estate Investor
  • Outstate, MN
13
Votes |
25
Posts

Buying 1st at sale when second is larger and may redeem

Thos. A.
  • Real Estate Investor
  • Outstate, MN
Posted

My state has a 6 month owner redemption period after the sheriff's sale. After that the second lienholder can redeem, but only has 7 days to do so. Is it advisable to buy, at sheriff's sale, a smaller first when the larger second is held by the same local bank? It's a great deal if I can buy the first and the 2nd is wiped out, but will they let that happen? I'd like to hear about specific cases of this situation, thanks.

Loading replies...