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Updated almost 14 years ago,

John C.'s profile image
John C.'s profile image
John C.
  • Investor
  • from Wixom, Michigan
  • Member since Mar 3, 2010
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22
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1
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John C.'s profile image
John C.'s profile image
John C.
  • Investor
  • from Wixom, Michigan
  • Member since Mar 3, 2010
Connect
John C.
  • Investor
  • Wixom, MI
1
Votes |
22
Posts
Foreclosures

Rents

John C.
  • Investor
  • Wixom, MI
Posted

I bought a house as primary residence and after 2-3 yrs. of living in it I rented it out, been about 4-5yrs. It has been foreclosed on Dec. 9,2010. Now I am in the redemption period until June, 2011. So, I still have tenants ad they are still paying me. Do I keep that money or can the note holder get it from me? If they can get it is it just the amount in the redemption period? The house is in michigan. The bank is Republic Bank (Sold to Citizens Bank), Note bought by Kondaur 2 days before foreclosure ended. If the note says nothing about the rents I receive can they still sue for it and win?

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