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I need to know Michigan Laws on Forclosure

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waterry Joined: 11 Nov 2010 Posts: 1 1.29 Dollars($)	Posted: Thu Nov 11, 2010 8:16 am    Post subject: I need to know Michigan Laws on Forclosure Like 0 Dislike 0 I,m in Michigan and am currently in forclosure. The home didn,t sell at the sheriff sale. I was given 12 months redemption period to buy back. What happens now? If I have to move out do I get another notice? When they sell the house for less than what I owe do I have to pay the difference? This is a FHA loan through GMAC. Help
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Fri Nov 12, 2010 2:46 am    Post subject: Like 0 Dislike 0 Welcome waterry, If you cannot redeem your property, then the lender will send you an eviction notice and you will have to leave the property within the given period mentioned in the notice. _________________ Procrastination is the enemy of your financial success

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