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Six-Month Post-Foreclosure Redemption Period For 50 years, Michigan Foreclosure Law has included a six-month redemption period (12 months for agricultural property that is larger than three acres) for homeowners whose homes have sold at the Sheriffâs Sale.
Statutory Redemption Laws Vary Between States. The length of statutory redemption period varies from state to state. The period ranges from thirty days in some states to two years in others. Additionally, there are other factors that can change the length of the redemption period. The period can vary depending on whether the foreclosure is judicial or nonjudicial.