Real Estate Law
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Good afternoon Dwane, I'm Doug, and I'm very sorry to hear of your situation. My goal is to provide you with excellent service today. Under MI law, you have a short redemption period after the foreclosure sale of your condo in which to pay all back fees, interest and legal expenses. If you do not redeem your property in that time, the buyer of the condo will own it. The redemption period for a foreclosure is 6 months from the date of sale unless the property is abandoned, in which event the redemption period is 1 month from the date of sale. If your property was vacant, it will likely be considered to have been abandoned, leaving you precious little time in which to redeem the property.
Here is an article on the redemption process in MI. I would STRONGLY suggest that you retain a local real estate attorney there in the county the property is located in to assist you in this redemption. Your property is at stake.
I wish you the best in 2013. I understand that you may be disappointed by the Answer you received, as it was not particularly favorable to your situation. Had I been able to provide an Answer which might have given you a successful legal outcome, it would have been my pleasure to do so. You may reply back to me using the Reply to Expert link if you have additional questions. Kindly take a moment to rate my service to you based on the understanding of the law I provided. Please understand that I have no control over the how the law impacts your particular situation. Thank you, Doug
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