My guess is that this man stalking you is an investor who bought your house and he wants you to leave so that he can sell it and make a nice profit. I specialize in foreclosures, short sales and underbids. I have helped many homeowners sell their house after a underbid at sheriff's sale and have seen them walk away with money to start over. Like I said, call me tomorrow and I can help you get the facts. You are under no obligation to work with me but you owe it to yourself to not let someone else take advantage of your situation.
I list bank owned homes so the answer is yes, 6 months, if you are living in the home and are maintaining it with the utilities on and current.
If you aren't in the home and/or don't reply to the notices they place on the door, then they can file an affidavit of abandonment which can expedite the process to 30 days.
If any note has been placed on your door, it is imperative you call it right away and say you're living there.
After the 6 months eclipses, you will get another note -- which you need to call on again. The bank will likely offer you a cash for keys option if you move out and leave the home free of your personal items.
If you want more info, please let me know.
Michigan has a 6-month redemption period. So you have 6-months from the date of the sheriff's sale to remain in your house. After the six-month period, you will be contacted by the foreclosing bank to vacate your property. They make offer you cash for keys at that time. This means that they might offer you some amount of money to leave the house quickly and in broom-swept condition. After vacating, they would then pay you the agreed upon amount. If you do not vacate after they give you notice, then they would go to court and asked the sheriff to evict you from the property.
Also, during the redemption period, you can redeem your house for cash for the amount that was paid at sheriff's sale plus interest. I hope that you have checked with the foreclosing attorney to see how much your house sold for. About 30% of the time, the foreclosing lender does what is called an underbid at the sheriff's sale. This is when they buy the house back for considerably less than what is owed. As I said, this happens only about 30% of the time and most homeowners do not know what this means to them. If your house was an underbid, it is possible that you can still sell your house, payoff the bank the amount that they bid at sheriff's sale and keep the rest of the money for yourself. It is always wise to see if this may be the case with your property. To get this information, you would call the attorney who handled the foreclosure.
Good luck to you and I hope that this information helps.
Kathy Persha, Associate Broker/Investor
Keller WIlliams Realty
You have 6 months from the date of the sheriff's sale to redeem your house out of foreclosure or try to do a short sale depending on the difference between the amount you owed and the redemption price the lender is asking.
If you aren't working with a Realtor. I'd be happy to assist you with options you may have.
Rose Cook, MA, SFR
Short Sale Specialist
National Realty Centers Inc.
1000 S. Old Woodward, STE 103
Birmingham, MI 48009