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Real Estate & Property Law

: The Home Equity Theft Reporter

Right Of Redemption Creates 6-Month Period Of Legal Limbo For Vacant Minnesota Foreclosures, Forcing Cities To Step In With Maintenance Effort

By r morris

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The Minneapolis Star Tribune reports:Redemption -- in Minnesota, usually a six-month period following a sheriff's sale during which the people who owned the house can buy it back -- poses a problem for cities. If a home winds up vacant or vandalized during that time, the homeowner and bank often deny responsibility, putting the burden of fixing it on the city. "It's essential for the city to [

Full post as published by The Home Equity Theft Reporter on December 01, 2009 (boomark / email).

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