MORTGAGE FORECLOSURE
Mortgage Foreclosure
Mortgage foreclosure in the state of Michigan is a 6 month process. We have included a diagram that provides you information from the government website. Our team is ready to help you take control at any point of the foreclosure process. We offer a FREE comprehensive analysis and provide you with multiple options so that you can make the choice YOU believe is best for YOU!
6 Month Redemption Period
The homeowner can live in the property for 6 months before they can be evicted and are not required to make payments. They can sell or buy back property and should – *maintain the property, utilities and insurance. The homeowner must allow the purchaser to inspect the home and all structures during the redemption period.
Redemption Period Expires: Home Inspections
If an inspection is refused or if the property is not maintained within local requirements, the purchaser of the property at the Sheriff Sale may immediately begin eviction proceedings to seek possession and terminate the homeowner’s redemption period. If abandoned, the redemption period becomes 30 days.
Eviction
At the end of the redemption period if you have not already vacated the home you will receive a Summons to appear in court. At the hearing, a date is set for the Sheriff to physically remove you from the property, if necessary.
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If you are behind on your mortgage payments, we will buy you out of your house! This is called cash for keys. We pay you a certain amount and pay off your houde so that you wont have a foreclosure on your record! It’s a win win situation!
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