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Michigan Foreclosure Law

HomeForeclosureMichigan Foreclosure Law
Michigan Foreclosure Law
Posted by admin |

Lenders in Michigan can foreclosure properties based on the Mortgage or Deed of Trust through the judicial or non-judicial foreclosure process.

  • The usual timeline for completing the Michigan foreclosure process is 60 days. However, the court may permit a time interval, varying from case to case, for the borrower to repay the debt.
  • The lender can resort to non-judicial foreclosure in deeds of trust with the power of sale clause.
  • In such Michigan foreclosure cases, the lender can sell the property after obtaining pre-authorization from the borrower.
  • However, where the Deed specifies any specific time, place, or manner in which the property has to foreclose, the lender must adhere to such specifications.

You can avail yourself of legal advice on your Michigan foreclosure case easily. Submit your details here

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