2007-01-01 20:25:15 · 3 answers · asked by shelley d 1 in Business & Finance ➔ Renting & Real Estate
No. If there is a redemption period, you're able to stay there until it ends. Even if you're there after the redemption period, they have to evict you.
If you're in a state with no redemption period, they just have to evict you.
Regards
2007-01-02 19:51:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My husband and I had our house foreclosed on 18 mos ago. We live in Michigan and had 6 months from the date of sale, called a redemption period, before we had to vacate the property. Look in the offical notice from the mortgage company or in the legal notice, it will tell you in there. Our said something to this effect from the notice of default sale: Buyer can take possession 6 months from date of sale unless otherwise deemed abandoned. there is other legal speak in there which basically says that you have that 6 months to redeemed the poperty by getting another mortage and buying it back. My parents did that in the late 80's, but it was their parents who bought it back and my parents then made the payments.
2007-01-02 04:36:54 · answer #2 · answered by ♥ Sparks♥ 3 · 1⤊ 0⤋
Be out early.
2007-01-02 22:12:07 · answer #3 · answered by sm4125 3 · 0⤊ 0⤋