Redeemed Sheriff's Deed

[James Walsh]

Hi everyone,

I just bought a house in Michigan at a sheriff's foreclosure auction...my first time doing so.

There is a 6 month redemption period.The house is likely to be sold by the owner, in fact it's scheduled for closing at the end of February.

Questions concerning payment to me at closing:

How do I find the maximum interest rate that will be charged?

Can I charge for my time? How much?

Can I charge for the time of an attorney?

What can I charge for?

Other questions:

Do I need to have a contract with the escrow agent or anyone else for any reason?

What do I need to do to reduce my liability and cover my interests?

Thanks in advance...