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Redemption

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wee wee Guest	Posted: Wed Nov 10, 2010 5:08 am    Post subject: Redemption Like 0 Dislike 0 I was trying to buy a foreclosure in Florida. The contract stated "The property is subject to a on (1) year Right of Redemption starting from the foreclosue sale date of 5/24/2010 if the subject property is located in the state of Alabama. So is this just for Alabama or for property in florida. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Nov 11, 2010 2:28 am    Post subject: Like 0 Dislike 0 Hi wee wee! Welcome to forums! As the contract mentions about Alabama, I don't think the right of redemption will be considered as valid in Florida. Nevertheless, you should contact the lender and clarify the matter. Feel free to ask if you've further queries. Sussane

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