Foreclosure in Detroit>Question Details

Shawn Boomst…, Real Estate Pro in Grand Rapids, MI

During the redemption period of a vacant house foreclosure can the foreclosing bank enter the property for....

Asked by Shawn Boomstra, Grand Rapids, MI Wed Nov 5, 2008

During the redemption period of a vacant house foreclosure can the foreclosing bank enter the property for property preservation reason?

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The real question here isn't can they but should they and is it legal. I agree with Sonya about the shortened redemption, but typically instead of just posting the notice they will rekey and winterize the property at the same time. I specialze in short sales and many times the sellers I deal with have moved from that home already. The banks interior departments do not comunicate with each other well and there are some miscues. If the home is on the market for sale with a lock box on the door they should not enter the home. That could be considered breaking and entering, but you will not get a police department to agree normally they will tell you it is a civil matter. I don't agree. So the answer is yes they can. Should they? Yes, if the home is going to freeze and lose marketablity due to that fact. Is it legal? No they have no rights of entery until after the redemption has expired and a writ is executed. I hope this answers your question.
1 vote Thank Flag Link Sun Nov 9, 2008
Shawn, the redemption period of a home can be shortened if the house is "deemed abandoned" by the lender. If the house is deemed abandoned the redemption period is usually shortened to a 30 day period. There will be a posting on the door or window if the house is found abandonded. Otherwise in Michigan the redemption periods are either 6 or 12 months and the bank should not be entering the property during this time. If there are more questions, please ask!
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1 vote Thank Flag Link Thu Nov 6, 2008
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