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Updated over 8 years ago,
In Redemption Period, Can I approach previous owners/Occupants?
PATRIOT BUILDERS - Southeastern Michigan and Mid-Michigan.
Experienced in Flipping - General Contractor - All Trades on Staff: Framers, Drywall, Interior Trim, Ceramic Tile/Flooring and more. 1 crew dedicated to your investment from start to finish.
I purchased a home at auction last week for $17k, it has an approx value of $30k-$35k..... We are just picking this up for a rental - it should rent for $500 per month. The couple that owned it are going through a divorce, and I believe the wife/daughter are still living there. I'd like to approach them immediately, and see if they would like to buy back the house on a land contract, however I can not find any info if this is allowable during the redemption period.
Does anyone have any successful strategies for obtaining possession earlier than 6 months? Pay for keys? etc? I went through legal training regarding this subject 25 years ago, but I'm sure things have changed, and I am not finding a comprehensive guide pertaining to Michigan law.
Thank you in advance for any help or ideas you may have.