Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

"Foreclosure Redemption Period in Michigan"

Author Message
Icon Mini Profile marquie919





Joined: 09 Apr 2009

Posts: 1

1.29 Dollars($)
Post Posted: Thu Apr 09, 2009 9:16 pm    Post subject: "Foreclosure Redemption Period in Michigan"
Like 0
Dislike 0

Isn't there a 3 month period beyond the 6 month redemption period in the state of Michigan that the owner is given to be moved out of the property?
Icon Mini Profile jerry
jerry
Moderator



Joined: 17 Oct 2005



Posts: 2615
Location: MICHIGAN
415.19 Dollars($)
Post Posted: Fri Apr 10, 2009 3:18 am    Post subject:
Like 0
Dislike 0

Hi marquie,

I am not aware of any 3 months period after the redemption period. As far as I know, after the redemption period, the borrower has no right to the property and has to move out of it.

Thanks,

Jerry
Guest









Post Posted: Mon Apr 20, 2009 7:51 am    Post subject:
Like 0
Dislike 0

actually as I understand it, in michigan you have at least six months after the redemption period to live in your house. After the redemption period has passed then your mortgage company starts the eviction process witch allows you 6 months to a year to be off of the property depending on certain criteria. the eviction process has to go thru court and that kind of thing.
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
matt

Guest







Post Posted: Sat Jun 13, 2009 10:40 am    Post subject: redemption
Like 0
Dislike 0

my redemption period expires 10-10-09.do i have until that time to work something out to keep the home
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.259 seconds.