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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Marco Petit's profile image
Marco Petit's profile image
Marco Petit
  • Flipper/Rehabber
  • from Lake Worth, FL
  • Member since Nov 26, 2015
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Marco Petit's profile image
Marco Petit's profile image
Marco Petit
  • Flipper/Rehabber
  • from Lake Worth, FL
  • Member since Nov 26, 2015
Connect
Marco Petit
  • Flipper/Rehabber
  • Lake Worth, FL
22
Votes |
53
Posts
Foreclosures

Buying Rights of Redemption

Marco Petit
  • Flipper/Rehabber
  • Lake Worth, FL
Posted Mar 30 2016, 18:32

I found this deal on the MLS that was a home run! I put in an offer through my realtor last night as soon as I saw it. My realtor called me today telling me that the property is in the process of being foreclosed on. I was thinking that maybe that I could buy the redemption rights from the seller. Has anyone done this before in Florida. Is it feasible? If so, what are the steps?

Thank you in advance!

-Marco

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