Looking For Advise After Sherriffs Sale
Just wondering what the experience people on this board would do in this situation. House went to Sheriffs Sale on 3/25/04, Bank One bought it back for 136k , fmv is 174k there is a second for 3k. Second lein holder did tell me that homeowner was trying to get financeing. Also homeowner has a a past of wrinting bad checks. In Kansas there is a 90 day redemption period. I've been thinking about trying to see if homeowner would sell me his redemption rights but I would also like to get rid the the second lein, do you all think that maybe I could try to get the redemption rights from homeowner and at the same time pay the second lein holder off, so he wouldn't have to worry about the second lein and then use the redemption rights to pay the first lein off, and how much of a discount sould I try for. Thanks to anyone who answers me, I'm open to any ideals. 
Go for it. Even if you ended up paying the second of 3k in full there is still plenty of margin here.