In most cases the redemption period for a residential property in Michigan is 6 months. The redemption period may be one year if you have paid more...

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Can i buy a house on cash after having a foreclosure in MI? Will the bank that foreclosed on me before come after the new house?

Your former bank will only pursue you on the former residence if the foreclosure and sheriff sale of the home resulted in a deficiency. A...

What are consequences for not paying mortgage for 4 years in michigan

Failure to pay your mortgage can result in the foreclosure of the property and the property being sold at sheriff sale. If the proceeds of the...

Can a sheriff sale take place while the loan is in process of being sold to another company?

If you want to save your home you need to take legal action to stop the sheriff sale of your home. Depending on the language of the loan...

I am currently living in a single home that is in need of repairs, the landlord has abandoned the property, and it will go into

In recent months some banks have been walking away from mortgages and simply allowing the county to foreclose the property for delinquent property...

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My condo is in foreclosure, it is not my primary residence. I live with my husband. My name is not on his property.

If the sherrif sale of the property results in a deficiency then the lender may bring suit against you to recover the deficiency. If the lender...

What percentage of your wages can they take when they get a default settlement to garnish your wages?

I would agree with Attorney Melton and advise you to file a motion for installment payments. If you cannot afford to make payments then you may...

I've gone thru forclosure second mortgage is coming to collect- what are options to get out of paying back loan- chapter 13?

Bankruptcy would certainly be one option to resolve the debt but you may also want to contact the lender to discuss possible settlement options....

Home is foreclosed. Auctioned in July, redemption period over. Bank wants us out in 30 days, we need 45. What can we do?

I agree with the previous answers and would advise you to seek counsel to assist you. The amount of time you are seeking is reasonable and you may...

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I am going through a deed in lieu . It is a Fannie Mae owned mortgage

I would completely agree with the analysis offered by attorney Berkus. Deeds in lieu are often offered to distressed homeowners but they are rarely...