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How long can you live in a foreclosed home in Michigan?
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.
Does a house go into foreclosure for lack of homeowner payments?
At the discretion of the lender, a house can be foreclosed after a period of missing payments.
Can you live in your home during the redemption period in MN?
You can live in the house 6 months after the Sheriff sale. This is called the redemption period.
How do you give a foreclosed house back to the bank?
When the bank foreclosed on the house, they took it back. Now it's time to move out.
Can you rent a house you were foreclosed on?
No, I can't
How long after a house goes up for auction do you have before you have to leave?
depending on your state. In Minnesota, you have a 6 month redemption period and if your not out by than or have not reclaimed your property, the mortgage company will have to evict you and that is another process which can take 30 or more days.
Can you buy a house for cash if your house is being foreclosed on?
Yes you can
How can you buy a house after it has been foreclosed and not sold at auction?
You can contact the lender or lien holder who foreclosed on the property and make your offer to them.
If you pay the taxes on a house that has been foreclosed does that mean you own it?
No the bank owns the house.
How do you know when a house is legally foreclosed?
I;m new to this but I'd say when they changed the locks on the house...
My home was foreclosed on. I was a month behind i am redemption now so is there any way that i can get my home back It was financed through First National Bank in Talladega. Is there someone that can help us out?
You said you are in redemption right now, so I'm assuming Alabama is a state that has a right of redemption law. Usually, you are allowed to keep living in your home during redemption, and any time during that period you can buy your house back for the price it sold for at foreclosure. If you were only a month behind, perhaps your financial situation is such that this is an option for you. If so, get in touch with the bank immediately. You can find out more in this article: http://www.foreclosurefish.com/blog/index.php?id=216
If you pay your overdue mortgage payments will your house still be foreclosed on?
as long as you pay all of the past due amounts including payments, interest, past due fees, whatever is due. They will not foreclose. If you have gotten to the point that you went into the sheriff sale and you are in your redemption period, if you have one in your state, than you have to pay off the full balance of the mortgage plus whatever fees are do to redeem your property.
