Read the post to Kerri above (nt)
Posted by Bill H on February 20, 2006 at 12:11:00:
In Reply to: Forclosure on second, now what about the first mortgage posted by Kevin on February 20, 2006 at 10:18:11:
:nt In Michigan, I forclosed on a second mortgage and have gone through the redemption period. The first mortgage has now started the forclosure process and has had the sale, and the holder of the second mortgage bought the first mortgage. My first mortgage holder said I had 6 a months redemption period from the date of the sale of the first, but the second mortgage company who bought the first says I do not have 6 more months because the redemption period on the second mortage has expired and they have bought the first, and want me out now. Do you know if I get the redemption period on the first mortgage or is it waived?
