Michigan Foreclosure Process

The Michigan foreclosure process typically follows a non-judicial path, but can also proceed judicially in some cases. Here's a breakdown of the general process:

Non-Judicial Foreclosure (Most Common in Michigan)

1. Default
   
   • The borrower misses mortgage payments, typically 3+ months behind.
     
2. Notice of Default and Intent to Foreclose
   
   • The lender must send a notice informing the borrower of the default and provide time to catch up on payments (usually 30 days).
     
3. Publication of Notice of Sale
   
   • If the default isn't resolved, a foreclosure notice is published in a local newspaper for 4 consecutive weeks.
     
   • A copy of the notice must also be posted on the property at least 15 days before the sale.
     
4. Sheriff’s Sale
   
   • The home is sold at a public auction to the highest bidder, often held at the county courthouse.
     
5. Redemption Period
   
   • The homeowner typically has 6 months to redeem the property (buy it back by paying off the debt in full).
     
   • If more than two-thirds of the original loan has been paid, the redemption period may extend to 12 months.
     
   • If the property is abandoned, the redemption period can be reduced to 30 days.
     

Judicial Foreclosure (Less Common)

• Initiated via a lawsuit by the lender.
  
• Handled through the court system and may take longer.
  
• Ends with a court-ordered sale.