Yesterday morning, I asked my lawyer to send 30 day notices to a homeowners for whom the three years redemption period has expired.

What’s the redemption period like?

You might be able to negotiate a direct purchase before it ever goes to auction.Redemption period flips – Even after a tax sale, Texas has a 6-month or 2-year redemption period (depending on homestead status).

Hi Dave in Northern, NJ-I am sorry to hear you have a single family rental facing foreclosure.You have it in an LLC and wonder what your options may be to delay foreclosure.Lenders do not want to take properties back and have a nonperforming loan.The best time to work with your lender is as soon as possible but certainly before the sheriff's sale.After the sheriff's sale, there is a redemption period where you can still sell it and the length of time varies from state to state and may depend on if it is vacant (avoid that for a variety of reasons), if tenants have a lease and have rights, or if someone is occupying the property.Working with the lender may not be easy but do not give up.Also, reach out to investors, who buy properties in foreclosure or pre-foreclosure, and see if they would be interested in curing the default and buying the property.To Your Success!

In PA, IRS liens will have a 120 day right of redemption with a mortgage foreclosure (and with a judicial tax sale as well).

It seems that many of these companies are accepting investment in return for unsecured loans and new capital is constantly being raised to pay off investor redemptions.

On the REIT side - When these investments go underwater, often the sponsor company will freeze or drastically reduce redemptions.

Quote from @Matt Pfefferlen: In a HOA foreclosure in California, does the homeowner get the excess funds after the 90 day redemption period is over or soon after the auction takes place?  

.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!   

Or it could halt completely or limit further redemptions, a move that would greatly impair the fund’s ability to raise new money.