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Michigan allows a 6-month redemption period after the house goes to Sheriff's Sale, also known as foreclosure auction. The owner of the foreclosed house can continue to live in the house during that time. At the end of the six-month period, the bank expects the owner to move out and will serve an eviction notice if the owner is still in the house.
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∙ 8y ago
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When the bank takes over a foreclosed home how long can the tenants or renters live there?
From what I understand they have to move immediately .
How long can you stay on your property if your home has been foreclosed in the state of Tennessee?
Till the cops evict you.
How long after the public auction of your foreclosed home do you have before you will be evicted?
Would depend on the formalities of the jurisdiction, including get the sherrif to evict.
How long does it take a foreclosed house to get off your credit record?
A foreclosed home can take seven years before it is taken off your credit report. You can build your credit back up in about three years if you continue to pay all your bills on time.
How long will a Michigan pine snake live when he gets in the basement of a house?
As long as you keep feeding it
How long do you have to move out of a foreclosed home in Arizona?
It depends on the lender, but can be as little as two or three weeks. Rather than trying to guess, call them and find out what the process will be.
How long can you live in a USDA foreclosed property?
It depends on your state foreclosure laws. They are so backed up with foreclosures right now that it can be quite a while. I have seen as long as 16 months in Florida.
What can you do if you have completed bankruptcy and the lender has not foreclosed the home and you are continuing to pay HOA?
You may be able to enjoy your home so long as the bank delays its foreclosure process -- or you can pay your mortgage and sleep better at night.
A divorce in Michigan. Attorney had a lien on our home how long does it stay on the property?
Until the lien is paid.
What does temporary home mean?
A home that you do not intend to live in, in a long term basis.
How long after your court date for foreclosure in Michigan do you have before you have to vacate your home?
6 months from the sheriff's sale date.
Purchase Foreclosure Homes To Resell?
If you are in the market for buying cheap homes, some of the lowest cost housing you can look for are homes that have been foreclosed on in the recent past. When these homes are sitting in the bank's hands, the bank is often eager to have the home sold as soon as possible so that they no longer need to pay the taxes on that home. Remember, the bank is actually losing money when it is sitting on a home that they have foreclosed on, so you have a lot of room to negotiate, as long as there are not many other bidders doing the same.
