Michigan Foreclosure Law

Stopping ForeclosureForeclosure LawsForeclosure Helpcontact Stop foreclosure Services

Michigan Foreclosure Laws

Typical Michigan Foreclosure Time Frame – Typical time for a Michigan foreclosure is approximately 60 days.

Judicial Foreclosure – Yes

Non-Judicial Foreclosure – Yes

Types of Security Instruments – Mortgage and Deed of Trust

Right of Redemption Period – For loans that have a balance of 2/3rds or more a period of 6 months applies; however, if home was abandoned only 30 days applies.  All other mortgages have a redemption period of 365 days or 12 months.

Michigan foreclosure laws allow for both judicial and non-judicial foreclosures to be possible.  In the case of a judicial foreclosure, the lender is required to sue the borrower.  With the court’s permission the lender is able to obtain a decree for the amount of the default.  The courts then extend a period of time to the borrower in order for the default to be corrected; however, in the event that the default is not corrected the courts will issue a Notice of Sale.

For a non-judicial Michigan foreclosure a Power of Sale stipulation or clause is required to be included in either the mortgage contract or in the deed of trust.  This clause gives the lender pre-authorization to foreclose on the home in the event of a default.  It is important to note that if the clause specified the time, place, or even the terms of the sale that they must be followed exactly. 

According o Michigan foreclosure law, in the event that the terms are not set forth in the clause, the following process is used.  The first step is the Notice of Sale is required to be published a minimum of once a week for a minimum of four consecutive weeks.  The notice is also required to be posted at the property in a publicly viewable location within 15 days following the first publication of the notice.

Michigan foreclosure laws also states that the sale is to be a public auction that is handled either by the county sheriff or by the trustee that the lender assigns.  The sale itself must be during the hours of 9a.m. and 4p.m. on the date specified in the notice.  The high bidder of the auction will receive a deed for the property that gives them full rights once the redemption period expires. 

If it should become necessary to postpone the sale, it is required that a Notice of Postponement be posted at the time and date the original sale was scheduled to take place.  This procedure is only able to postpone the sale for 7 days, any longer postponement requires that the notice of sale be published again for a minimum of four consecutive weeks.

For more information on Michigan foreclosure laws click here.


Get foreclosure help now!

Whatever your foreclosure situation is time is against you. The sooner you discover your options, the easier it may be to stop your foreclosure.  Please enter your zip code in the field below to find foreclosure help in your area.

  Enter your zip code below to find Foreclosure Help in your area.  


Michigan Locksmiths

Bloomfield Locksmith

Detroit Locksmith

Farmington Hills Locksmith

Livonia Locksmith

Southfield Locksmith

Sterling Heights Locksmith

© Copyright 2007, All Rights Reserved
The information found on this site is not intended to be legal advice. The foreclosure process is highly case specific and laws vary throughout the United States. Please seek professional legal counsel before entering into any contract regarding any real property or stopping the foreclosure on any real property. By using this site you consent to the terms posted here.