no buying a house at foreclosure is fucking stupid. everyone here for the mos tpart lacks a legit education, but in a lot of states the former owners have a "redemption" period after their house is sold at foreclosure. e.g. if they get the cash/ a loan they cna buy their house back. the period of this in CA is 2 fucking years good luck being out of a house
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A Dolla Danya of Dubla Dourking steveyos08-15-2016
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08-15-2016
its hard for me to tell if people are mentally retarded on this forum or trolling any more, but redemption periods in the united states are based on unpaid taxes. homes which are foreclosed upon by a bank cannot be redeemed. kill yourself.
i'm editing this, which you cant tell. but in reality i'm the idiot for assuming anyone on this forum has any basic grasp on financial or legal matters
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A Dolla Danya of Dubla Dourking steveyos
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08-15-2016
since you specifically brought up California earlier
http://homeguides.sfgate.com/califor...mits-2899.html
Under civil procedures 729.010 through 729.090, the right of redemption may only be exercised by a defaulting borrower if the property was sold through the judicial foreclosure process; there are no redemption rights after non-judicial foreclosures.
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A Dolla Danya of Dubla Dourking steveyos08-15-2016
what kind of a fucking foreclosure is it then when someone agrees to let their bank sell the fucking house then?? i guess you are correct. in my mind a foreclosure is - the borrower won't leave and the bank will move a court to get them out/foreclose on their house. not - a borrower voluntarily leaves and lets the bank sell their house.
basically i can see why courts/legislatures don't allow right of redemptions when a borrower basically gives up their house. govt/courts are very friendly to the right to contract. they are basically contracted their right of redemption away with a clean break before all sorts of legal proceedingsLast edited by A Dolla Danya of Dubla Dour; 08-15-2016 at 01:05 AM.
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A Dolla Danya of Dubla Dourking steveyos08-15-2016
used to live by detroit metro. those cheap houses are most likely abandoned for years and are unlivable inside. if you can get tenants (which i doubt) it would be all sec. 8 bullshit and there's a ton of hosuing avail in detroit. used to have 2.5 million people in city limits no has like 700k
ironically downtown detroit has like a 95% occupancy rate for house and rent for a new building is like $1200 for a 1bdrLast edited by A Dolla Danya of Dubla Dour; 08-15-2016 at 01:14 AM.
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