New Foreclosure Law Michigan

April 12th, 2009

New Foreclosure Law Michigan

Question: Questions about buying a foreclosure home in San Diego.?

I live in Michigan and have been drooling over the foreclosures in Ocean Beach, CA. I’m just scared of the property tax. How do I find out what the property tax is in San Diego? Their .gov site doesn’t tell me anything. I don’t want to commit to a realtor until I get more information. What are the foreclosure laws in CA.? I do plan on seeing the place before getting serious and my hubby can fix it up himself. My daughter lives in OB and I can put it in her name to take care of the residency issues. I would love to be able to buy her a place and let her rent out the extra room. Any help is greatly appreciated.

>

Answer: Per prop 13, it's limited to 1% of the sales price - plus any voter approved indebtedness.

The lender doesn't have to comply with the normal disclosure regulations as in a normal sale.

Michigan Foreclosure Laws - How to Stop Foreclosure

>