All Forum Posts by: Cheyenne Nafe

Keep looking in Huntsville

@Cameron Dearmon I believe we went to highschool together! I would love to help, lets connect.

I say this because they are privy to more information that could solve this mystery. 

Generally, to redeem the property after a foreclosure sale, the foreclosed homeowner must give a written notice of redemption to:

• the party who bought the home at the foreclosure sale and
• the court or other party that held the foreclosure sale.

Then, the former homeowner must pay the redemption amount to the buyer, court, or another party. State law normally says what information has to go in the redemption notice and who gets the redemption money.

get an agent and go to the seller and have him sign a right of redemption? 

That's something I would've never thought of, Thanks for that! I am thinking buyer #1 has too many attachments to the entity to to do so, however, I am thinking the assignment will work because there's no bank ownership here....only an estate attorney signing as seller, having POA.

Which direction to take? 

An Auction sales Contract was between an estate attorney & entity buyer, 

the first entity buyer was unable to come up with the finances, and the 2nd buyer came into play. 

However, how can we put this 2nd person in play without drafting an entirely new Auction Sales Contract, which would also now be subject to approval, AGAIN, and pushed through the probate court?

Can we assign this contract?  and draft an addendum with what actions we are taking if all parties agree to it. 

Are you or anyone in your partnership a licensed agent? If so, you should have 2 LLCs- one to pay yourself from and one to take title in. 

If not, get an LLC.

@Ramona MinnisHey from Huntsville, love to see fellow ladies in this industry. Please feel free to connect with me, I love networking!

@Jason Quero I would say 2 weeks. Depends on the situation, if there's no missing heirs or objections to the sale of the property it should be just waiting for the judges to sign off. But, if this was an estate with no heirs and it would need to be publicly marketed in the newspaper for 3 weeks to find missing heirs and if no one responds to that ad, the sale can continue and judge will sign off etc. 

what do you need to do with probate in regards to real estate?