This property is mine.See it was sold on August 29,Is this correct? Tying to find out how much time I have before I must leave.

Asked by Nancynanu1, Northville, MI Fri Oct 28, 2011

6 months takes me to Feb 29 2012. Can I count on being able to stay until then? Am moving out of state and would like to stay through Feb 2012 and am planning that way. Please let me know if my time line is correct. Thank you.

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This question is about this property: http://www.trulia.com/homes/Michigan/Northville/sold/2234720…

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4
Pam Bava, Agent, Rochester, MI
Tue Nov 1, 2011
Nancy,

I think you should contact your bank to get the facts on your home, seeing your home on a public web site like Realty Trac is not where I would be comfortable getting this information. Has the bank or attorney posted anything on your door? You must have a contact number.

Good luck
0 votes
Stephen Conn…, Agent, Birmingham, MI
Sat Oct 29, 2011
Nancy,
What Ken said is basically correct. The 5-6 K (cash for keys) is not the norm. Maintain the home. Leave it broom clean. Do not remove furnace, Hot Water Heater, dishwasher, fan or any hardware . Try not to leave any refuse or do any damage to the home. Make sure the water is turned off and even winterized. Leave the keys.The banks will take into consideration the condition of home when they decide whether to attempt to collect debt. The more the home sells for later, the better it bodes for you. Good Luck Nancy.
Web Reference:  http://www.michiganhome.net
0 votes
Ken Pozek, Agent, Novi, MI
Fri Oct 28, 2011
Nancy,

You have 6 months from the sherriff sale date to vacate. At that time a realtor hired by the bank will come knocking on your door offering cash for keys. Basically if you leave your home within a set amount of time, the bank will pay you to move. Sometimes up to 5-6k. Simultaneously the bank will begin the eviction process, so that if you don't agreeably move out they can have you removed.

I help alot of people in your situation understand the process. If you want to discuss feel free to call/email anytime.

Ken Pozek
(248) 345-4894
Sold@kenpozek.com
Web Reference:  http://www.kenpozek.com
0 votes
Karen Paytas, Agent, Clinton Twp, MI
Fri Oct 28, 2011
Nancy:

Good Afternoon! If your mortgage says 6 months redemption then you are thinking correctly. If you are not out on the 29th of February they will file eviction paperwork.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
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