Michigan Foreclosure FAQs

• Q: Does Michigan Law Allow for a Redemption Period After a Foreclosure?
  A: Yes, a borrower has a right of redemption in Michigan. If the borrower is in possession of the property prior to the foreclosure and owes less than two thirds … More
• Q: Where and When do Foreclosure Sales Take Place in Michigan?
  A: All foreclosure sales in Michigan must take place between 9 am and 4 pm on the date specified in the published Notice of Sale. Typically, the sales occur at the … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Michigan?
  A: If the lender pursues a court ordered foreclosure sale in Michigan then the court will issue a Notice of Sale and it must be publicized according to the court’s … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Michigan?
  A: Yes, a lender may sue a borrower for a deficiency judgment in Michigan. However, the borrower has defenses available and may not be required by the court to pay … More
• Q: How Can a Lender Foreclose on a Property in Michigan?
  A: If a mortgage agreement for a Michigan property contains a power of sale clause then the lender can sell the property by providing the borrower and the public with … More
• Q: How Long Does the Typical Foreclosure Process Take in Michigan?
  A: Michigan law allows for a property foreclosure to take place quickly as long it is not contested by the borrower and is not a judicial foreclosure. In fact, an … More
• Q: Can I Keep My Home If I File Bankruptcy in Michigan?
  A: The general rule in Michigan is that a homeowner is entitled to keep the first $30,000 of equity in the property away from unsecured creditors. However, if the … More

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