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Michigan Foreclosure Laws

Judicial Yes
Non-Judicial Yes
Process Period 60 Days
Sale Publication 30 Days
Redemption Period 30-365 Days
Sale / NTS Sheriff

Judicial Foreclosure and Non-Judicial Foreclosure: In court proceedings can occur in the state of Michigan, but most mortgages include a clause, which allows the lender to sell the property out of court once the property defaults. The law does not require the lender to send out notice to the borrower of default before scheduling the sale. The borrower does have the right to stop the foreclosure by paying off the default amount.

Sale: About two months into the foreclosure process, the lender published a notice of sale in the local newspaper once a week for three weeks. The sale must not be less then 28 days from the first publications date. The notice should also be posted on the property; the sale notice must include the lender and borrowers name, mortgage information, the default amount, a description of the property, as well as the length of the redemption period.

The sale is conducted through a public auction, anyone can bid, and the property will be sold to the highest bidder. The redemption period varies but six months from the sale date is a typical amount of time, and the borrower can get their property back by paying the bid amount.

Additional Information on Michigan Foreclosure