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We are trying to secure a short sale on a reverse mortgage property. Lender wants an HUD Redemption Packet. What and where is this

by mmartinezevers946 from Omaha, Nebraska. Sep 13th 2016 Reply


Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions

More information is needed. However, here is what HUD says on their website:Redemption is a period after your home has already been sold at a foreclosure sale when you can still reclaim your home. You will need to pay the outstanding mortgage balance and all costs incurred during the foreclosure process.Many states have some type of redemption period. The redemption period and availability is often determined by whether the foreclosure is judicial or non-judicial. And, timelines and procedures can vary greatly from state to state. You can find specific information about the redemption period of your state (if applicable) by reading the state laws on foreclosure.

Sep 13th 2016
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