I'm working on a short sale with a home owner. In Michigan, if the property is over 3 acres, the redemption period is 12 months, less is 6 months.

We are almost half way into the redemption. However, the realtor ...

I think that's adverse possession or something. as long as he paid his property tax i'd concider it investing.

There's way too much at stake.No, I don't see how you could sell the mortgage even for the $1 million face value.Unless the foreclosure process is very different there, you will not get possession of the property if its really worth $15 million.Who died first?

If the bills mounted unpaid, the city would take possession of the property.

She told me she's sold her jewelry, her possessions, her furniture..yesterday she sold her car.....she's in a world of pain right now...

(2) For purposes of this section, "rent skimming" also means receiving revenue from the rental of a parcel of residential real property where the person receiving that revenue, without the consent of the owner or owner's agent, asserted possession or ownership of the residential property, whether under a false claim of title, by trespass, or any other unauthorized means, rented the property to another, and collected rents from the other person for the rental of the property.

When you "purchase" a U.S Treasury bill, note, or bond, you are loaning money to the federal government – which possesses that ever-menacing printing press.

With a redemption period, owners or junior lien holders may pay off the auction winner and take possession of the property.

Both are easy to obtain by modeling or emulating some one who possesses those characteristics.I remember something one of my rich friends used to say."

We went through the foreclosure process and took possession on the property, May 08.