In Redemption Period, Can I approach previous owners/Occupants?

[Julie Fagan]

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.

[Justin Sadauskas]

Yes.  You have all the right ideas.  Cash 4 keys, land contracts, rentals - I have done it all before with success.  

Make sure you are not trying to collect upon the debt of the mortgage and you trading cash for possession or working out other arrangements with them.