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#1
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irs right of redemptionWhat is the name of your state? florida an irs right of redemption is on a foreclosed property for 120 days after sheriff's sale. what happens after the 120th day? the redemption does expire, correct? and can the property go to closing????????????? |
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#2
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| Normally closing happens before 120 days, the issue is that the IRS may essentially buy the property (you get your purchase price and some nominal interest back). A waiver of the right of redemption is possible but not normally granted. |
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