In Kansas, homeowners have legal redemption rights that allow them to redeem or “buy back” their foreclosed home. The redemption period starts the day your home sells at the Sheriff Sale and is typically 90 days long, but up to 1 year in higher equity situations. In order to redeem your foreclosed home, you will need to pay the sale price from the Sheriff Sale plus any fees and interest. You have the right to keep living in your home and/or sell it during the redemption period. You also have the option to sell your redemption rights to another person or entity so they can redeem the home.
We can typically beat what other investors are willing to offer as we are a small, family owned company without a lot of overhead and we have extensive knowledge of what home values are in the Kansas City and Lawrence markets. We can also offer a lease-back option in some cases.
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