Rental Property Investor · Paterson, NJ · Member since 2019 · 1 post · 0 votes
Under Michigan law, the "purchaser" who brought the house at the foreclosure sale may inspect the home during the redemption period. Am I considered the "purchaser" since I brought the home from the bank and would I be able to inspect the property or did the bank inspect the home since they originally brought the home? I currently hold a sheriff's deed.
If you hold a “sheriff’s deed” I assume that You bought the property at the actual foreclosure auction....so, you would be the purchaser.
If the bank got the property back at the foreclosure auction, and you bought from them as a REO, then only they would be the "purchaser" as you relayed your laws.
@Shondea, I doubt you're going to find an answer on point. I think you'd have a good case to argue that you're the purchaser since you're the one with the interest in the sheriff's deed at that point. Not really any different than a bank transferring its interest to a different legal entity. I think the spirit of the law is on your side since the idea is to make sure that tenant's don't trash property during the redemption period