Do you buy redemption rights?

I buy redemption rights in Albuquerque. Do you have a property that is being foreclosed and being sold at auction? Most mortgages have a clause that says after the bank has foreclosed on the property and the property has been sold at auction, the homeowner has one "last chance" to redeem the property. The "redemption period" is usually 30 days after the auction sale at the courthouse steps. So in that 30 days redemption period, the homeowner that has lost the home at foreclosure may redeem the property if they can refinance it or come up with the money to pay off the mortgage somehow. Most folks cannot refinance the property because thier credit has taken such a beating already.

There is one thing you can do to get a little bit of money out of the property that has been lost. In some cases, if the amount owed on the property is less than what the property is worth I can buy your "redemption rights" from you. Yes that is correct: these rights are transferable and can be sold. Call me to discuss your situation and property. Maybe I can buy your redemption rights from you and you can salvage something out of the situation for yourself. I can be reached at 505-944-5131. Or send me an inquiry on my Contact page.

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