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Right of Redemption Laws, How much is owed?

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Icon Mini Profile hikercarl





Joined: 13 May 2011

Posts: 1

1.27 Dollars($)
Post Posted: Fri May 13, 2011 10:31 pm    Post subject: Right of Redemption Laws, How much is owed?
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My question is for example I owe 100,000 and get foreclosed on, auction takes place and sells for 15,000 With the Right of Redemption Law do I have to come up with the 15,000 it sold for plus the fees or the 100,000 plus fees?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Sun May 15, 2011 9:21 pm    Post subject:
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Hi hikercarl,

A query similar to yours has been answered in the given page:
http://www.mortgagefit.com/know-how/about51364.html#210012

Take a look at it. I hope it will help you.

Thanks
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