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forclosure buy back

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genesishomes Joined: 22 Sep 2009 Posts: 1 1.26 Dollars($)	Posted: Tue Sep 22, 2009 9:15 pm    Post subject: forclosure buy back Like 0 Dislike 0 is there a law that dis-allows previous owners to buy back their forclosed listed property?
archie14p Joined: 16 Aug 2009 Posts: 66 0.29 Dollars($)	Posted: Tue Sep 22, 2009 11:30 pm    Post subject: Like 0 Dislike 0 [System detected duplicate content; converted into image. Thanks.]
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Wed Sep 23, 2009 12:02 am    Post subject: Like 0 Dislike 0 Hi genesis, I don't think there is any law that disallows a borrower to buy back the foreclosed property. The borrower can definitely buy back the property, provided he can pay off the outstanding balance as well as the foreclosure-related costs incurred by the lender. In fact, in most of the states there is a redemption period, allowed to the borrower, during which he can redeem his property on payment of a certain amount of money.

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