I am currently trying, in vain, to do a loan mod with lender. I will save you a long boring story by saying I do not feel it is going to happen. Incompetence and delay on their end, mostly incompetence. I am investigating all angles now. Let's face it, banks most certainly cover their backsides so I am now looking to cover mine.
I understand that Michigan has a 6 month redemption period. then, whether it is the bank who bought it or a private citizen, they have to petition the court to get an eviction date. So, in Michigan, there is the "potential" to stay 6 months and maybe an extra week or 2 after sheriff's sale.
My question is this. Wayne County Michigan being one of the top foreclosure hotspots in the country, does anyone know how long it takes a lender to get a sheriff sale date in Wayne County Michigan? I am tracking several properties on Realty Trac right now (not sure how often it's updated) but thus far it looks to be AT LEAST a month. I called 3 "foreclosure prevention" places and they all said 3-4 months...if not longer as there has been a recent spike in foreclosure activity. Interesting!
If what I believe to be the inevitable happens I plan on starting on thread so any other Wayne County Michigan folks who may be in dire straits may learn from my experience.