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Foreclosures
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Buying a Previously foreclosed/Redeemed Property

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Posted Jul 12 2018, 14:00

What are my risks of buying a property which was sold at a foreclosure auction to one party (who may have made immediate improvements) and then the property was taken by a party which had purchased/exercised  redemption rights.  That party quickly put the property up for sale.  Will I be likely to face lawsuits and liens related to the work done by the auction buyer and his contractors (the lien period won't close for a few months.)  Should I look for other properties?

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