whkinder
May 8, 2011, 05:22 PM
My wife and I bought a Home on a land contract here in Michigan. We just recently received a letter (two weeks ago) from the Bank that the Holder of the Contract, a property management company, defaulted on the mortgage. The bank has posted a notice of public sale on the house. My wife and I have not missed a payment and have kept up the taxes and the property. We have all the records to proof and the registered the contract with Gratiot County. What are our rights. We have contacted the bank and informed them that we don't want to lose the house. They informed us to get a lawyer.. which we have contacted one... who has not gotten back with us. We are still trying to find a lawyer. The public auction is in less than 30 days. Will we lose our investment and be forced to move immediately.