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Martin Macisso
"Real Estate Consultant"
- 1 Helpful Answer
- 20 Answers
- 25 Listings
Experience:
Director for Fair Housing Counselors of Maine
January 2009—present
Loss mitigation for Short Sales, Pre-Foreclosures and homeowners in unaffordable situations.
Loss mitigation for Short Sales, Pre-Foreclosures and homeowners in unaffordable situations.
Specialties:
Mortgage financing for 1st time buyers, Short sales, Foreclosure consultation
Certifications
& Awards:
& Awards:
Maine Notary Public
HRBlock Mortgage Platinum Club for top producers ... show more
HRBlock Mortgage Platinum Club for top producers ... show more
Interests:
Foreclosure Law
Produce the Note Strategy ... show more
Produce the Note Strategy ... show more
About:
I am an experieced financial professional now a Maine Licensed Real Estate Pro. I have a B.S in Finance and a Notary Public designation.
I am an experienced ... show more
I am an experienced ... show more
Martin Macisso answered:
She is basically correct, the Redemption Period literally means that the homeowner still owns the home and can pay the entire amount before the period expires. It sounds like a technicality, perhaps try having the seller waive the redemption period. Not sure about MI laws. Our state has a 90 day redemption period, after this, if still delinquent the home is sent to Auction.
The term you are using "Rescind" ...be careful not to confuse the Consumer Rescission law of 3 days with a consumer loan refinance...this does not apply in your case.
The term you are using "Rescind" ...be careful not to confuse the Consumer Rescission law of 3 days with a consumer loan refinance...this does not apply in your case.
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