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Updated almost 8 years ago on . Most recent reply

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1,503
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Jerry Holt
  • Specialist
  • Portland, OR
230
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1,503
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Purchasing The Right Of Redemption On Foreclosed Property

Jerry Holt
  • Specialist
  • Portland, OR
Posted

I am interested in learning more about the process of buying foreclosure redemption rights, particularly in Oregon. And, I realize laws will vary from state to state where redemptions are allowed. This might be a dumb question, but generally speaking, does anyone know if redemption rights could be purchased from the homeowner in the pre-foreclosure process? Could this be done when foreclosure indicators such as a lis pendens or substitution of trustee have been filed with the county? I've searched the forum and haven't really found an answer. Thanks in advance!

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