Michigan's Right of Redemption





What is the redemption period?


After a property is sold at a sheriff’s sale (foreclosure sale), there is a period referred to as the “redemption period” during which you still have some rights. For most properties, it is a six-month period. If the property has been declared abandoned, the redemption period can be

shortened to one month. If you unreasonably refuse to allow your property to be inspected by the successful bidder or if the property is deemed in need of repairs or in “imminent” need of repairs, the redemption period can be terminated.


What happens during the redemption period?


During the redemption period, you or your tenant may continue to live in the property and are not required to make any mortgage payments. You also have the right to sell the property to another person or re-purchase

the property.


If I want to re-purchase the property, what is the purchase price?


At the sheriff’s sale, the buyer paid a certain amount of money to purchase the property. Often the buyer will be your mortgage company although it may be a third party. The amount necessary for you to buy back, or

redeem, your property is the amount the purchaser paid, plus some allowable costs and a daily interest rate based upon your mortgage loan interest rate. You can learn the sale price for your property by contacting our office.


What if the purchase price at the sheriff's sale is less than the amount of my loan, can I still redeem?


If you want to redeem, or buy back your property you only have to pay the purchase price from the sheriff's sale plus interest and some costs, even if it is substantially less than your loan amount.



I have the funds for redemption, who can I contact for the amount required?


We offer a service to assist homeowners who are unaware of the process.



Do I have to allow the bank or the purchaser at the sheriff’s sale to inspect my property during the redemption period?


Yes. The purchaser has the right to inspect the inside and outside of your house and all other structures (such as a garage). If you “unreasonably” refuse any inspection, you can be evicted and the redemption period may be terminated.


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