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Foreclosure Forum |
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Re: Looking for the Truth in MichiganIn Reply to: Looking for the Truth Concerning Foreclosures in Michigan posted by dw Michigan on September 10, 2001 at 4:02 PM
: I hope someone can be of help. I am located in Michigan and : My question is in Michigan with a six month redemption period, ============= DW, Im not the expert on judicial foreclosures like I am with nonjudicial foreclosures. And its in the judicial foreclosure states that almost universally provide a redemption period to the losing homeowner to get her home back after the foreclosure auction. Generally the mechanism is that the winning bidder at the foreclosure auction doesnt get marketable title until the redemption period has tolled. Once that point is reached the certificate for title is exchanged for a marketable warranty deed to the property. So prior to having the title to the property I dont think you could pursue any eviction action to acquire possession since the owner may actually redeem within the time period set.
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