Comments on: Minnesota – Little-known law could help foreclosed homeowners by allowing them to buy their home back after the sheriff’s sale for the price of the winning bid https://4closurefraud.org/2010/12/14/minnesota-little-known-law-could-help-foreclosed-homeowners-by-allowing-them-to-buy-their-home-back-after-the-sheriffs-sale-for-the-price-of-the-winning-bid/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Tue, 14 Dec 2010 23:23:40 +0000 hourly 1 https://wordpress.org/?v=7.0.1 By: Daniel Ocean https://4closurefraud.org/2010/12/14/minnesota-little-known-law-could-help-foreclosed-homeowners-by-allowing-them-to-buy-their-home-back-after-the-sheriffs-sale-for-the-price-of-the-winning-bid/#comment-16077 Tue, 14 Dec 2010 23:23:40 +0000 https://4closurefraud.org/?p=15512#comment-16077 Is this just MN? How about the rest of the 50 states – I believe some have no right of redemption. Here:

“If your house is sold under a deed of trust, the sale is done through the power of sale clause contained in the trustee’s deed. ” So some states:

“With the trustee’s sale, you lose your right to make any claim on the property and there is no right of redemption.

Furthermore, at a trustee’s sale, you do not have the right to buy your house.”

]]> By: StuckinSoPa https://4closurefraud.org/2010/12/14/minnesota-little-known-law-could-help-foreclosed-homeowners-by-allowing-them-to-buy-their-home-back-after-the-sheriffs-sale-for-the-price-of-the-winning-bid/#comment-16073 Tue, 14 Dec 2010 21:20:14 +0000 https://4closurefraud.org/?p=15512#comment-16073 Come on! She owed $600,000 on that shack? I’m assuming thats a typo. If not, I,m wondering which bank big shot’s relative was the “investor?”

]]> By: Jan van Eck https://4closurefraud.org/2010/12/14/minnesota-little-known-law-could-help-foreclosed-homeowners-by-allowing-them-to-buy-their-home-back-after-the-sheriffs-sale-for-the-price-of-the-winning-bid/#comment-16059 Tue, 14 Dec 2010 18:26:11 +0000 https://4closurefraud.org/?p=15512#comment-16059 The article references the buyers as the “investors.” They are emphatically not “investors;” they are casino gamblers, going in on the gamble that they can con the owner out of title and interest in the property for a song and then flip the property. It is a form of sharking. Let’s just call it what it is, certainly not “investment.”

]]> By: leapfrog https://4closurefraud.org/2010/12/14/minnesota-little-known-law-could-help-foreclosed-homeowners-by-allowing-them-to-buy-their-home-back-after-the-sheriffs-sale-for-the-price-of-the-winning-bid/#comment-16055 Tue, 14 Dec 2010 17:55:53 +0000 https://4closurefraud.org/?p=15512#comment-16055 Shhhh! Don’t let the MN legislature know about this. Those crooks passed legislation making MERS legal and have a pro-creditor bias. Some debtors have gone to jail for $250 debts. Hopefully, MN residents will vote them out next election.

]]> By: foreclosurefight https://4closurefraud.org/2010/12/14/minnesota-little-known-law-could-help-foreclosed-homeowners-by-allowing-them-to-buy-their-home-back-after-the-sheriffs-sale-for-the-price-of-the-winning-bid/#comment-16054 Tue, 14 Dec 2010 17:54:31 +0000 https://4closurefraud.org/?p=15512#comment-16054 What is the recourse if the homeowner did not receive the proper notification required under law??

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