Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

177
Posts
54
Votes
Davit Gharibyan
  • Saint Paul, MN
54
Votes |
177
Posts

Redemption period sale

Davit Gharibyan
  • Saint Paul, MN
Posted

Hi, I received a call today from one of my direct mail campaigns. The gentleman told that his house was foreclosed and he has a redemption period till 06/05/2016. The house was sold on auction for 120K. He said he wanted to redeem for 125-127K, basically make extra 5-7k. From his description he lost the house already but he is looking to make a quick buck on the property he will not own. Any thoughts and comments on the situation are appreciated.

Most Popular Reply

User Stats

743
Posts
424
Votes
Brandon Battle
  • Real Estate Agent
  • Buena Park, CA
424
Votes |
743
Posts
Brandon Battle
  • Real Estate Agent
  • Buena Park, CA
Replied

Yeah,tell him he's a jerk for trying to get you to steal a house from another family using a law that shouldn't exist! I wouldn't give him the time of day let alone $7,000 to take a property from someone who has won a legitimate auction.Tell him to get a job and pay his bills next time.

Loading replies...