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Updated almost 3 years ago,

User Stats

43
Posts
7
Votes
Ben Boru
7
Votes |
43
Posts

Redemption period questions

Ben Boru
Posted

So in Michigan we have a 6 month redemption period. If I'm understanding this right it's 6 months from home auction date. Meaning you could buy the home and not be able to touch it for 6 months. In todays economy that could be a very big deal.  

How do I make sure that when I buy the home I can take ownership relatively quickly and avoid tying up money into something I can't touch for 6 months? Given the redemption period should I try to buy homes 5 months post-auction instead on pre auction? 

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