Re: Michigan foreclosure

Posted by Corky on November 30, 2004 at 14:54:30:

In Reply to: Michigan foreclosure posted by Tywanda on November 30, 2004 at 12:46:01:

I am also in Michigan and my home was foreclosed earlier this month. So this is what I learned.

In Michigan, there is a 6 month redemption period where you can either buy back the home or refinance.
I think that you would have to contact the mortgage company or there legal representives to see if they are willing to work with you on the payment.
After the sheriffs sale, you would need the entire amount of the price that the house was sold for and any fees and interest to redeem the home.

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Comments:
: I am also in Michigan and my home was foreclosed earlier this month. So this is what I learned.

: In Michigan, there is a 6 month redemption period where you can either buy back the home or refinance.
: I think that you would have to contact the mortgage company or there legal representives to see if they are willing to work with you on the payment.
: After the sheriffs sale, you would need the entire amount of the price that the house was sold for and any fees and interest to redeem the home.


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