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Updated over 10 years ago,
Foreclosed Mortgage - Deed Has Different Name
I am interested in a home in Michigan that has been foreclosed and was sold at a sherriff's auction to two investors (I looked the sherriff's deed up). The owners still have four months to redeem the home from the bank before the auction winners take ownership.
I began looking at county records and found that the mortgage was foreclosed on the brother of the deed holder, but not the deed holder himself. There is no quitclaim filed.
To be more specific, the home was purchased by a man and his wife in 1984. Fifteen years later, he put the taxes in the name of his brother and father who lived in the home until the father died, and the brother still lives there. There was a mortgage taken out seven years ago that was foreclosed, but the mortgage was taken out by the brother living in his home, and his father.
What else should I be looking for at this point? I wish to call the deed holder and ask him to work with me, I know who he is, and I understand he does not want the home.
The sherriff's deed does not seem to have the correct names as grantors, it lists the brother and his father, rather than the owner and his wife.
What am I missing, and how do I close the loop on this search?