still need to know what a Sheriff's Deed does, how it works?
Does a sheriff's deed mean they've already lost the house, been forclosed upon? Or is the house still occupied? Or have they been evicted by the Bank/Sheriff? Why is there a difference if there is "more than one-acre" etc...?
Answers (1)
FIRST ANSWER
Horace,
The State of Michigan website has some information that may help explain foreclosure better.
http://michigan.gov/mshda/0,1607,7-141-45866_47905-177801--,…
I suggest looking under Stages of Foreclosure and foreclosure Q&A.
The redemption period in Michigan is usually six months, except in situations where there are more than four units; less than 2/3 of the original debt owed, multiple acres and/or abandonment occur.
Web Reference: http://mi-living.com
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