What kind of loan do we need for redemption ?

This is a common question among Florida buyers and sellers, and the answer depends on your specific situation and local market conditions. Understanding the fundamentals before making any decisions protects your investment and your timeline. In Floral City, Citrus County, Florida, the real estate landscape has its own characteristics that affect how this plays out in practice. The Citrus County market attracts a diverse buyer pool including relocators from higher-cost states, retirees, and local move-up buyers, which creates consistent demand across most price points and property types. The strategic approach is to work with a local agent who can pull current comparable sales data and walk you through the specific factors that apply to your situation in Florida. Every market is different at the neighborhood level, and decisions based on general advice or national headlines often miss the local nuances that matter most to your outcome. Making informed decisions based on local data is always the strongest position. Kevin Neely & Kaitlynd Robbins | K2 Sells

For redemption of a property, typically a mortgage refinance loan is needed. This type of loan allows you to pay off your existing mortgage and potentially consolidate other debts or secure better terms.

In Michigan, once a home goes through a sheriff’s sale there is usually a redemption period, where the homeowner can pay the redemption amount to reclaim the property. That money doesn’t always have to come from a traditional loan. Some people use a refinance, private financing, or other funds depending on the situation. Since you mentioned you have proof of making your payments, I would strongly recommend speaking with a real estate attorney as soon as possible. Situations like this sometimes involve servicing errors and there may still be options available during the redemption period.