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Updated almost 6 years ago,
MN Cash for Keys during Redemption?
Hey All!
My name is Vickie and I am new to sheriff sales/auctions. I own a bungalow at the L.A. Harbor in 2009 that is a solid rental but I now own a vacation home in MN and am looking at picking up a TH at the local sheriff sale.
My question is: During the redemption period am I able to offer cash for keys in order to end the previous owner's redemption period?
This is my first real dive into expanding into rentals out of state and I am excited but anticipating issues that I know I will need to learn.
If the sheriff sale doesn't tick, then I am picking up a sf prop (the old fashioned way) in Rochester to turn out for student rent. Any ideas, directions greatly appreciated.
I am not going to finance as I am liquid.
Thanks in Advance!