Foreclosures List - Notice of Defaults - Wayne County Foreclosures list

Michigan Foreclosure Information

Facts Abou Michigan Foreclosure :

Non-Judicial System

If the mortgage did not have the power of sale clause, the foreclosure must take place in the courts.

If the mortgage contained a power of sale clause, foreclosure can be accomplished by foreclosure by advertisement, a non-judicial form of foreclosure.

In all cases the borrower can redeem the property for the amount owed, plus interest. The redemption period ranges from one month if the property is abandoned and has two-thirds of the original loan balance remaining to one year if over four units or three acres of land, and not abandoned.

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