Updated about 17 years ago on . Most recent reply
Redemption Period and Bank Possession
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 for the servicer (Chase) put a lock box on the property. The redemption period isnt over for over six months. I am tempted to just cut it off, but I want to know if there is a process to this.