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Updated about 6 years ago on . Most recent reply

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10
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1
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Vickie A.
1
Votes |
10
Posts

MN Cash for Keys during Redemption?

Vickie A.
Posted

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!

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