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  1. #1
    Join Date
    Jun 2020
    Posts
    1

    Question Selling My Redemption Riights

    My question involves real estate located in the State of: New Mexico
    An investor contacted me in the interest of purchasing my redemption rights
    on a property I own in New Mexico that is in foreclosure.

    Is there a formula for calculating an offer?
    Thank you.

  2. #2
    Join Date
    Jul 2018
    Posts
    2,429

    Default Re: Selling My Redemption Riights

    Sure.

    (-b sqrt(b2 - 4ac))/2a

    Seriously...your question raises no legal issue. Offer to accept whatever you think is reasonable.

  3. #3
    Join Date
    Mar 2013
    Posts
    18,007

    Default Re: Selling My Redemption Riights

    Is there a formula for calculating an offer?
    If you have any equity left on the property you can figure getting about 30% of the equity, give or take.

    If you have no equity or owe more than the market value, take what you can get.

    Understand that these investors, by buying your redemption rights, are looking for a payoff in the future if property values go up. It's a big risk and they aren't going to pay you but a pittance.

    You have no leverage.

    All you can do is call up and see what they will offer. If you don't like the offer ask for more. If that doesn't work than it's up to you to deal or no deal.

  4. #4
    Join Date
    Nov 2013
    Posts
    6,932

    Default Re: Selling My Redemption Riights

    Perhaps it is a tax sale foreclosure in which case there is not an issue of equity.

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