If you're facing a foreclosure in Michigan, or even just struggling to make mortgage payments, it's important to understand the state's foreclosure process. Here's some key information about foreclosures in Michigan, including how foreclosures proceed, whether the lender can come after you for a deficiency judgment after a foreclosure, and how to get your home back after a foreclosure by redeeming it.
Michigan Foreclosure Laws and Procedures
Learn how a Michigan foreclosure works, including preforeclosure steps, foreclosure procedures, and homeowners’ rights under both state and federal laws.
Deficiency Judgments After Foreclosure in Michigan
In Michigan, if you go through foreclosure and the sale price is not enough to cover the balance of your mortgage, your lender can come after you for the "deficiency."
If you default on COA or HOA payments in Michigan, the association might foreclose.
If I lose my home to foreclosure in Michigan, can I get it back?
If you lose your home to foreclosure in Michigan, you can redeem (repurchase) it within a certain period of time.