Properties in Foreclosure may or may not be good Investment Opportunities. There a number of factors to consider beyond the current market conditions and the numbers on a spreadsheet, not the least of which is the Party or Parties that are losing their home in the process. Redemption Research, Associates specializes in creating "Win-Win" scenarios between Investors and People In Foreclosure. In Or
egon certain lingering rights exist, even after the Foreclosure Process and The Sheriff’s Judicial Auction, it’s the Law in Oregon, it’s called a Statutory Right of Redemption Period, that’s the Legal Right that gives the borrower, Post Foreclosure Rights to Reclaim The Property, even after the Judicial Auction. Now to do this do this the Redemption Rights holder must make payment in full restitution to the Original Lender, those are the people that put the Property in Foreclosure not to mention potentially any and all payment amounts, costs, interest and fees as well as any additional payments that have been made by the Purchaser at Auction including but not limited to property taxes, insurance, and other expenses to maintain the house in good condition. Investors that purchase properties at Judicial Auction risk wasting time on properties that may be Redeemed during the Redemption Period. While it may be true that your money for purchase and improvements is not at risk, in fact the Redeemer must pay you back in full plus 9% interest, you can never regain the time. For most Clients we represent their time and money is far more valuable than 9%. Redemption Rights are "Time Sensitive", they only last a limited time and their value to an Investor diminishes with each passing day. If your Property is being Foreclosed and you don’t have the financial resources now or the ability to put that together before your Redemption Rights expire, you still have options. At Redemption Research, Associates we work with Investors that are considering Foreclosed Properties as an Investment, there are Financial Solutions that may quickly and easily benefit both parties through the Purchase and Sale of the Redemption Rights.
– L.A. Perry "Chief Analyst"
In Oregon when a judicial sale happens the purchaser at the sale gets a certificate of sale, equitable title to the property, and possession during the 6 Month redemption period. The debtor loses possession during the redemption period, and only retains legal title. If the debtor or another does not redeem, the purchaser at the sale then gets a Sheriff's deed and thereby obtains legal title to go with the equitable title it already possesses. Since the bank has equitable title during the redemption period the debtor has no right to sell the home and their only remaining right in relation to the home is to redeem or transfer their redemption rights to another.
