In the State of Michigan is it possible to extend the redemp

kaplandave · Joined: 03 Dec 2007 Posts: 1 1.27 Dollars($)

I have a redemption period that expires on 1/7/08 which is 6 months after the sale date from GMAC. Can this be petitioned or extended?

Guest 0.10 Dollars($)

In Michigan redemotion period closes in 6 months. But I donot know whether it can be extended or not.

larry · Joined: 27 Jun 2007 Posts: 2951 411.26 Dollars($)

Hi kaplandave,

Welcome to this forum.

Generally in Michigan redemption period expires in 6 months. But in certain circumstances, it can be one year. You have said that your redemption period has been fixed on 1/7/08. In spite of that you can talk with the real estate attorney and see if the redemption period can be extended or not.

Thanks,
Larry

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