Quick question for pre-foreclosure experts. During the redemption period(i.e 1 or 6 months) in an Order NISI, does the home owner have to come up with the whole amount they owe to the bank(morgage balance plus late payments)? Or can they just get up to date with the payments and continue living in the house?
Basically I am wondering if it makes sense to offer to pay the late payments plus do an Agreement For Sale or I can only pay cash for the house.
Assuming I can do AFS, if they have 1 month redemption period but an Order of Sale as well, is it too late to make the AFS?
Basically I am wondering if it makes sense to offer to pay the late payments plus do an Agreement For Sale or I can only pay cash for the house.
Assuming I can do AFS, if they have 1 month redemption period but an Order of Sale as well, is it too late to make the AFS?