Foreclosure Auction or Redemption Rights
I’m considering buying my first foreclosure in Minnesota soon. The owner died long before the notice of pendency was filed and I cannot find any probate records to determine heirs. I was considering buying at the sheriffs sale (foreclosure by advertisement) but am worried about another more experienced investor tracking down the heirs and buying the redemption rights (but if I can’t find them maybe they can’t either)? I’m fine waiting out the redemption period before taking possession but I don’t want to tie up funds if I’m not going to get the property in 6 months. Am I better off waiting for the lender to win the auction and tracking down the heirs to buy their redemption rights? Are there any resources used for this? Thanks