Login
Lender Signup
Community Signup

World's Largest Mortgage Community
(26,327 members)

What are you looking for?

redemption period help

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
athomewithmom Joined: 08 May 2007 Posts: 1 1.24 Dollars($)	Posted: Tue May 08, 2007 6:44 pm    Post subject: redemption period help I am a loss mitigation consultant and have run into one situation several times. Once a client is foreclosed on and is in their redemption period, can they get help buying back their house or should they just ive up.
johnette Guest 0.10 Dollars($)	Posted: Tue May 08, 2007 6:58 pm    Post subject: The owner first has to file a notice of intent to redeem within fifteen days before the end of his redemption period. But it would be hard for a person to get financial help in buying back his house.
jerry Moderator Joined: 17 Oct 2005 Posts: 539 Location: MICHIGAN 49.64 Dollars($)	Posted: Tue May 08, 2007 11:44 pm    Post subject: RE: buy back home after foreclosure Hi Guest, Welcome to the forums. Your client can contact Naca - an organization which helps people in foreclosure. Recently they have started giving assistance to those in default. Your client can just enquire whether they are offering assistance to buy back homes during redemption period. Thanks, Jerry.
Dougherty Guest 0.10 Dollars($)	Posted: Fri May 11, 2007 4:21 pm    Post subject: Quote: I am a loss mitigation consultant and have run into one situation several times. Once a client is foreclosed on and is in their redemption period, can they get help buying back their house or should they just ive up. I would say it would be difficult to find someone willing to provide him the required financing to buy their house back. The person has to find relatives or friends to get the required finance to buy it back.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1