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The Redemption period in Kansas is 3-12 months after the foreclosure, depending on the amount of money (as a percentage) that has been applied to the principal balance. To redeem and sell after the foreclosure, the borrower has to re- pay the amount of the highest bid at Sheriff's Sale-- in addition to applicable interest and other fees. Many times, that offers a nice opportunity for both sellers (to walk away with cash and salvage a bad situation) and buyers (to purchase under the market prior to the home becoming property of the bank).
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How long is right of redemption period in CA?
In California, the right of redemption period after a foreclosure sale is typically one year. This means that the homeowner has up to one year to reclaim the property by paying off the remaining mortgage balance and any additional costs incurred during the foreclosure process.
Was Lecompton a pro-slavery capitol in Kansas?
Yes, Lecompton was considered a pro-slavery stronghold during the Bleeding Kansas period. It was the capital of the Kansas Territory from 1855 to 1861 and served as a base for pro-slavery elements in the region.
What states have the statutory right of redemption after foreclosure?
Several states have statutory rights of redemption after foreclosure, including Alabama, Connecticut, Delaware, Iowa, Minnesota, Mississippi, Missouri, Tennessee, and Wisconsin. These states allow homeowners a period of time after foreclosure to buy back their property by paying the outstanding mortgage debt.
What pro-slavery groups went to Kansas to to keep slavery legal?
Groups like the Border Ruffians, supported by pro-slavery factions from Missouri, went to Kansas to influence the vote and ensure that slavery remained legal in the territory. They engaged in violent conflicts with anti-slavery settlers, leading to the period known as "Bleeding Kansas."
What pro-slavery groups that went to Kansas to try to keep slavery legal there were called?
Pro-slavery groups that went to Kansas to try to keep slavery legal there were called Border Ruffians. They were made up of pro-slavery activists from neighboring states who crossed into Kansas to influence the antislavery vote. These groups were responsible for the violence and intimidation tactics used during the period known as "Bleeding Kansas."
Is there a list of statutory right of redemption states?
These are the states that do not have redemption period: The five states they list as having no redemption period are: Texas, Georgia, Virginia, DC, and New Hampshire The rest do have different time lines for redemption.
What is the redemption period for Virginia State?
There is no redemption period for the state of Virginia. http://www.realtytrac.com/foreclosure-laws/Virginia-foreclosure-laws.asp
Can you live in your home during the redemption period in MN?
You can live in the house 6 months after the Sheriff sale. This is called the redemption period.
Is there a redemption period in the state of Georgia for foreclosed homes?
In some states, a lender can seek a personal judgment against the debtor regarding the redemption period for foreclosed homes. In Georgia, there is no statutory right of redemption.
What is a redemption period?
The redemption period is the legal time period you have to redeem something that has been taken from you by operation of some law. For example, if your property is taken by your municipality for nonpayment of property taxes there is a period during which you can redeem the land by paying all your back taxes, interest and costs. In some cases there is a redemption period during which a property taken by foreclosure can be redeemed by paying all sums due including the costs of the foreclosure. Redemption periods may vary by jurisdiction. You need to check in your jurisdiction for the particular type of taking and its redemption period according to the laws in your jurisdiction. See related link for state by state information regarding foreclosure redemption periods.
What is an equitable right of redemption?
In a mortgage foreclosure process, the time between the foreclosure filling date and the auction sale is called the "Equity of Redemption Period". Once the home has been sold, most States grant a time period such as six months for the defaulting owner to repay the debt and fees. This is referred to as the "Statutory Period of Redemption".
What is the redemption period for Ohio?
The redemption period in Ohio is the time after the sale of the home and before it can get confirmed by the courts. The time will not exceed 30 days and any owing money must be paid before a property can be redeemed.
Can you file bankruptcy during the redemption period?
Yes, you can file for bankruptcy during the redemption period. The redemption period typically refers to the time frame after a foreclosure or repossession when a borrower can reclaim their property by paying off the debt. Filing for bankruptcy during this period may provide legal protection against creditor actions and could potentially allow you to keep your property, depending on the type of bankruptcy filed and the specifics of your situation. However, it's important to consult with a bankruptcy attorney to understand the implications and options available.
What is the Redemption period for sheriff's deed in Michigan?
Redemption of a Sheriff's Deed after foreclosure is 6 Months from the date of the Sheriff Sale unless: 1) The property is located on 1 acre of land or more 2) The amount owed when the Sheriff Sale takes place is less than 66 & 2/3 percent of the original balance (as in it was payed down a LOT before things got bad and the foreclosure train showed up) If either of the above are true then the redemption period is one year. Also, if the Sheriff's Deed is not recorded within 20 days of the actual sale date, then the 6 months redemption period begins from the date the Sheriff's deed is recorded.
What is Debenture Redemption Reserve?
Debenture is a debt instrument to raise funds. It has a maturity period associated with it. At the end of the maturity, the company(borrower) should return the interest and principal amount. Debenture Redemption Reserve is an amount kept as reserve for paying the debenture holder at the end of the maturity period.
How long is the redemption period for a foreclosed house in Minnesota?
You can find information about Minnesota foreclosure laws at the link below.
How long is right of redemption period in CA?
In California, the right of redemption period after a foreclosure sale is typically one year. This means that the homeowner has up to one year to reclaim the property by paying off the remaining mortgage balance and any additional costs incurred during the foreclosure process.
