Does Anyone Know How Long Is The Redemption Period After Sheriff's Sale(m)

In the state of Michigan? I not sure if it is 3 or 6mo.

Thanks guys and gals,
quinn

Comments(5)

  • wannabe2123rd June, 2004

    After a quick internet search, I'd say the answer depends. Click on the link to read up on what the redemption statute for your state says...

    http://www.michiganlegislature.org/mileg.asp?page=getObject&objName=mcl-125-1449j&queryid=7177649&highlight=

    Make sure you look up any more recent legislation noted by the "History" footnote at the bottom.[ Edited by wannabe21 on Date 06/23/2004 ]

  • maxwellpropertyinvestment23rd June, 2004

    Monica- If the property is under 3 acres and 4 units or less it is generally 6 months. If it is abandoned it goes to 30 days.

  • tbelknap25th June, 2004

    Quinn, I just answered this in another of your posts. Normally 6 months. Greater than 3 acres than 1 year. Abandoned then 30 days.

  • quinn26th June, 2004

    Thanks for the responses.

    Quinn

  • MaksimUSA6th October, 2004

    Can someone explain how this works? What happens to the money you paid at the auction while the property is subject to the 6-month redemption period? Can you do anything with it during this time? Do you get the certificate of title right after the sale or at the end of the 6 months?? Are you responsible for property taxes and utilities during the 6 months? :-?

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