Sheriff Sale at the County

[Joseph Tramonte]

Does anyone have experience at Buying properties at a Sheriff sale?  If so, if you win the auction with the highest bid, can you then pay the owner directly and have them redeem the property to you with a Quit Claim form?  

[Bruce Runn]

@John Woodrich

@Joseph Tramonte

I don't share how I buy/execute/analyze or when/how to buy them as that has taken time, experience, and $ paid to a lawyer who has guided/tutored me through the effective ways to get it done. 

But I will say I have bought properties with 6 month and 12 month redemptions.  It's all about how good of a deal it is so even with holding them, they can be killer deals.  I also buy pre foreclosure, at foreclosure, and post foreclosure so there are lots of options.  You can get them with 5 week redemptions in some cases as well.   I know of at least a dozen people who analyze every foreclosure coming on the market and have a friend that has bought up to 40 of them.  I've also gotten them for less than what was owed at the auction along with having a bank sell me their redemption which is quite a feat.