Foreclosure in Detroit>Question Details

Lucky, Home Buyer in Detroit, MI

trying find out was my house sold at sheriff sale

Asked by Lucky, Detroit, MI Tue Jun 15, 2010

16530 Littlefield Detoit, MI 48235

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Answers

2
Call the Trustee they should be able to tell you. Do note MI is a redemption state.
1. If the property is residential and does not exceed four (4) units and is not more than 3 acres, if the defaulted amount at the date of the notice of foreclosure is more than 2/3 of the original face amount of the debt secured by the mortgage, the redemption period is six (6) months.
2. If the property is abandoned based on either a personal inspection conducted by the lender or a statutory mailed notice asserting abandonment which has not been responded to by borrower, the redemption period is shortened to thirty (30) days.
3. In all other cases the redemption period is one (1) year. The redemption payoff includes the amount of the bid at the time of the foreclosure sale, interest at the note rate for the mortgage, and any taxes or hazard insurance paid with respect to the property after the foreclosure sale up until the date of redemption.
4. Mortgagors who do not redeem but remain upon the foreclosed property after foreclosure sale can be evicted through a summary proceeding in district court which usually takes thirty (30) days

Good Luck
Bob Patrick
Buy a home after foreclosure expert
0 votes Thank Flag Link Tue Jun 15, 2010
It as sold January 27, 2010. Your redemption time is up July 27, 2010
0 votes Thank Flag Link Tue Jun 15, 2010
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