World's Largest Mortgage Community

how long in the house

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Kenm827 Joined: 05 Nov 2009 Posts: 1 1.26 Dollars($)	Posted: Thu Nov 05, 2009 4:17 pm    Post subject: how long in the house going to court Nov 18, in Michigan to foreclosure. it said there is a 6 month redemption period, or 30 day if vacant. question: the redemption period. Is this the time I'm allowed to live in the house. Explain
jenkin7 Joined: 04 Jun 2007 Posts: 3429 Location: Hawaii 514.13 Dollars($)	Posted: Thu Nov 05, 2009 11:14 pm    Post subject: Hi Kenm, Redemption period allows the borrower some time to pay off the outstanding loan balance plus the foreclosure costs and keep the property. The borrower is generally allowed to live in the property till the time the redemption period expires. However, state laws do vary and what generally happens in one state might not necessarily happen in other states.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0