Thereof, can you sell your house during the redemption period?
During the redemption period, you or your tenant may continue to live in the property and are not required to make any mortgage payments. You also have the right to sell the property to another person or re-purchase the property.
who owns property during redemption period? The Supreme Court held that during the redemption period, the mortgagor remains the owner of the foreclosed property and may mortgage it to a third party.
Additionally, can I sell my house during redemption period Michigan?
You Can Stay In the Home During the Redemption Period You can live in the property during the redemption period. However, under Michigan law, you must allow the purchaser who bought the house at the foreclosure sale to inspect both the interior and exterior of the home during this time. (Mich.
What happens when the redemption period ends?
Whoever holds the sheriff’s sale certificate becomes the rightful owner of the property. The owner should vacate the property. If the owner has not moved out by the end of the redemption period, they will be asked to vacate the premises by a specific date.