You actually still have the option even AFTER foreclosure
in Michigan, which is very debtor-friendly in this regard.If a property is over four units or three acres and has not been abandoned, then you have one year from the date of the foreclosure sale for redemption
. If the property has been abandoned, and if the balance is over two-thirds of the original loan
, then you are limited to one month. If the balance is two-thirds or less of the original loan, then you have one year.
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