Welcome to the site
Firstly, please use photo bucket to add photos to the forum. I don't know what format you uploaded your file in, but I cannot open it.
Does the red sore looked like a pimple? If so, this is quite normal for Oscars to develop these.
As for the fins, they are very delicate and can be easily damaged. If it just looks like damage then they should grow back fine. if the edges get fuzzy white stuff developing then it could be an infection of some kind. I don't think there is any need to remove the fish from the tank just a moment. If you could post an image that would help us