You should check with your state as to the redeemption period. Some states provide 6 months for the owner to redeem, and some longer. The county will know who the highest bidder was. As for how long you have to stay, I would say be ready to move on short notice, but someone will come and tell you.
2007-10-22 02:28:20
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answer #1
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answered by Anonymous
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Something smells funny. Did this guy identify himself? Do you have a name and contact information? In Michigan, depending on the type of loan, there is usually a 6 month redemption period (12 months in rare cases). This does not mean you have 6 months of rent-free living ahead of you, only that the owner has 6 months to make good with the person that bought the note at the sale. Now, due to this redemption period, these sales are rarely attended by investors and are usually secured by the bank that has the most interest in it. Back to your issue. I represent several asset managers for banks that hire me to contact occupants of foreclosed properties (tenants, actual owners, squatters, etc.) to offer them a cash incentive to leave. It is call a Cash-For-Keys transaction. You might be in a position to receive this. They will contact you. Typically we start out at $500 and can often go as high as $2,500 depending on the asset. You cannot be physically removed from the property without a formal eviction. That can take up to 90 days to complete. So depending on where you are with any ongoing eviction, you might have 3 months. Either way, I'd start looking.
2007-10-22 02:43:03
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answer #2
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answered by Adam A 2
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initially, you could no longer legally withhold hire and not utilising a courtroom order in MI. And forclosure isn't between the justifications. in case you dont pay your hire, mortgages and taxes dont gets a commission, and maintenance dont get finished. In MI, in many cases the renter continues to be with the area till given a 30 day be conscious. greater suitable than in all probability you initially signed a a million year hire that lapsed over to a month to month. Legally, you basically could take delivery of a 30 day be conscious to circulate. regrettably, which skill uprooting the infants returned. besides the shown fact that, this is likewise the pitfalls of renting. you realize the financial gadget and the housing situation. You lost your guy or woman living house. Its no distinctive for a landlord. in line with danger he had the incorrect form of private loan. besides, wait till you get your 30 day be conscious, or supply your 30 day be conscious and go searching. There are alot of leases accessible that are empty because of the fact properties are going very value effectively here in MI. I unquestionably have 3 open leases myself. merely relies upon on the place you're located.
2016-10-04 08:30:40
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answer #3
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answered by ? 4
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Check with your local land office (register of deeds or similar) to determine who holds legal title to the property. Those are public records, and easily obtained. Your rent is due to whomever holds legal title.
2007-10-22 02:29:22
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answer #4
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answered by acermill 7
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Call the sheriff. You will probably have to start paying rent to the new owner, though.
2007-10-22 02:29:30
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answer #5
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answered by Anonymous
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look at the website as follows
name of the county . gov and it will list your real estate appra\isers office with all transactions on the property
2007-10-22 04:08:53
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answer #6
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answered by Fabio G 3
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Go to your city hall and inquire. thay have the right to give you information on the home......after all what if you were trying to buy it..So they can even tell you if the prior owner paid the taxes.......
2007-10-22 03:07:37
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answer #7
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answered by Linda S 6
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