Shannon Deutschman
Redemption after foreclosure auction purchase
Here is my (complex) scenario. Hoping somebody has some advice.We want to buy a house where the owner had a reverse mortgage. She died in 2017. It seems her children did not pursue selling the house or paying off the ...
Thos. A.
Buying 1st at sale when second is larger and may redeem
My state has a 6 month owner redemption period after the sheriff's sale. After that the second lienholder can redeem, but only has 7 days to do so. Is it advisable to buy, at sheriff's sale, a smaller first when the l...
Lee Scarlett
SELLER WANTS TO RENEGE DUE TO SON'S REQUEST
I bought a 5 B/R house in Jacksonville, Florida last Wednesday. The house had a fire & been sitting there since then, (mid 2019). There are 2 years property taxes owed. All of a sudden; within days of her signing ...
Suresh Batta
Tax sale withdrawn 3rd day of online auction
I'm witness to a recent tax sale withdrawal on bid4assets.com that doesn't seem right. Usually I see all withdrawals happen the day before auction(last day for redemption). For this particular lot sale which was offer...
Elena Pech
What are the rules of funds redemption after foreclosure auction?
I found an attractive multifamily property going for foreclosure.
Property assessment price is around 1M. Unpaid mortgage on this house is about 500K.
In one of the adds about the upcoming auction I found a note:
...
Thor Fink
Lending for Properties with No Title Policy
I am looking for lenders who can help finance or refi properties that you cannot typically get title insurance for in the first 6 months up to 2 years in some cases. However, you do get a Sherriff's Deed for the prope...
John Smith
IRS Foreclosure Redemption Likelihood? ~$1.3M Equity, ~$2M+ Federal Tax Liens
Hello Bigger Pockets Forum,
Looking for thoughts and feedback on the probability of the IRS exercising their redemption rights (during the 120-day period) to redeem a foreclosing property which has ~$1-1.3M of equity...
Michael Jamison
A Bank Foreclosed but stopped paying taxes, Will the mortgage lien remain after?
Hello Everyone! There's a tax deal I'm prospecting that happens to be attached to a big bank through foreclosure, the property is in it's final year before the tax deed can be requested. The holder of the current tax ...
Daniel Cardona
Tax Sale in GA
Any experienced BP users do tax sales in GA or a state that has similar process that could answer some questions for me?Am interested in buying tax liens at auctions but would like to clear up some things.Do other lie...
Jeff Lubeski
Sheriff's Certificate
What exactly does it mean if you buy the right contained in a Sheriff's Deed?
If the property owner were to redeem, do you get the amount from the Sheriff's Auction?
What is involved with completing the...