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Updated over 4 years ago on . Most recent reply

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Michael J Shabazz
  • Rental Property Investor
  • Atlanta, GA
12
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26
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Buying Right of Redemption, who owns claim to excess funds?

Michael J Shabazz
  • Rental Property Investor
  • Atlanta, GA
Posted

If right of redemption is purchased from an owner whose property deed was sold at tax sale, do the excess funds (if any) belong to the purchaser of the right to redeem or the owner before the tax deed was sold?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Owner, buying redemption rights doesn’t put you on title.

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