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Property Q&A in King : Real Estate Advice

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Fri Feb 1, 2013
Missy Caulk answered:
The home has not come on the market yet. There are no listings in Matthaei Farms at the current time. Two sold in there in 2012, neither of which was a foreclosure.

We have a 6 month redemption period here which if you look at the realty track listing we are getting close. Now in saying that if the house is on over 3 AC it can be a 1 year redemption period.

Banks will not list homes until the redemption period is over. The redemption period affords the owner to buy back the property and pay all the fees. Rarely does that happen, but that is the law in Michigan.


If you would like me to set up a hot flash on anything on Red Fox I will be glad to do so.

Missy
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