Michigan Compiled Laws 236-1961-32 Chapter 32 Foreclosure Of Mortgages By Advertisement (600.3201...600.3285)

• Section 600.3201 Foreclosure By Advertisement Of Mortgage Containing Power Of Sale; Exception.
  Every mortgage of real estate, which contains a power of sale, upon default being made in any condition of such mortgage, may be foreclosed...
• Section 600.3204 Foreclosure By Advertisement; Circumstances; Installments As Separate And Independent Mortgage; Redemption; Chain Of Title.
  (1) A party may foreclose a mortgage by advertisement if all of the following circumstances exist: (a) A default in a condition of the...
• Section 600.3205 Repealed. 2014, Act 125, Eff. June 19, 2014.
  Compiler's Notes: The repealed section pertained to designation of individual to serve as contact.
• Section 600.3205a-600.3205d Repealed. 2012, Act 521, Eff. June 30, 2013.
  Compiler's Notes: The repealed sections pertained to requirements for notice of foreclosure, loan modification program and process, and development of housing counselor list.
• Section 600.3205e Repealed. 2014, Act 125, Eff. June 19, 2014.
  Compiler's Notes: The repealed section pertained to applicability and repeal of MCL 600.3205a to 600.3205d.
• Section 600.3206 Repealed. 2014, Act 125, Eff. June 19, 2014.
  Compiler's Notes: The repealed section pertained to loss mitigation procedures occurring before mortgage foreclosure.
• Section 600.3208 Notice Of Foreclosure; Publication; Posting.
  Notice that the mortgage will be foreclosed by a sale of the mortgaged premises, or some part of them, shall be given by publishing...
• Section 600.3212 Notice Of Foreclosure By Advertisement; Contents.
  Every notice of foreclosure by advertisement shall include all of the following: (a) The names of the mortgagor, the original mortgagee, and the foreclosing...
• Section 600.3216 Sale; Time And Place.
  The sale shall be at public sale, between the hour of 9 o'clock in the forenoon and 4 o'clock in the afternoon, at the...
• Section 600.3220 Sale; Adjournment; Notice; Posting; Publication.
  Such sale may be adjourned from time to time, by the sheriff or other officer or person appointed to make such sale at the...
• Section 600.3224 Sale Of Distinct Parcels.
  If the mortgaged premises consist of distinct farms, tracts, or lots not occupied as 1 parcel, they shall be sold separately, and no more...
• Section 600.3228 Sale; Purchase By Mortgagee Or Assigns.
  The mortgagee, his assigns, or his or their legal representatives, may, fairly and in good faith, purchase the premises so advertised, or any part...
• Section 600.3232 Deed Of Sale; Endorsement; Deposit With Register; Recording; Entry Upon Redemption.
  The officer or person making the sale shall forthwith execute, acknowledge, and deliver, to each purchaser a deed of the premises bid off by...
• Section 600.3236 Deed Of Sale; Effect Upon Failure To Redeem; Prior Liens.
  Unless the premises described in such deed shall be redeemed within the time limited for such redemption as hereinafter provided, such deed shall thereupon...
• Section 600.3237 Interior Inspection During Redemption Period; Notice; Contents; Methods For Achieving Actual Notice.
  (1) After a foreclosure sale under this chapter, if the purchaser at the sale intends to conduct an interior inspection of the property under...
• Section 600.3238 Interior And Exterior Inspection Of Property; Notice; Commencement Of Summary Proceedings By Purchaser For Possession Of Property; Judgment; "Damage" Defined.
  (1) After a foreclosure sale under this chapter and providing notice under section 3237, the purchaser at the sale may inspect the property, including...
• Section 600.3240 Redemption Of Premises; Payment; Amount; Redemption Of Senior Lien; Defenses; Recordation; Redemption Periods; Amount Stated In Recorded Affidavit; County Having Population Of More Than 750,000 And Less Than 1,500,000; Limitation On Amount Charged By Register Of Deeds; Use Of Property For Agricultural Purposes; Presumption.
  (1) A purchaser's deed under section 3232 is void if the mortgagor, the mortgagor's heirs or personal representative, or any person that has a...
• Section 600.3241 Abandonment Of Premises; Presumption.
  For purposes of this chapter, abandonment of premises shall be conclusively presumed upon satisfaction of the following requirements: (a) Within 30 days before the...
• Section 600.3241a Abandonment Of Premises; Residential Property Not Exceeding 4 Units; Presumption.
  For purposes of this chapter, if foreclosure proceedings have been commenced under this chapter against residential property not exceeding 4 units, there is a...
• Section 600.3244 Redemption; Destruction Of Deed; Record.
  Upon the payment of the entire sum bid at such sale, and interest thereon, and the fee of $5.00 mentioned in section 3240 to...
• Section 600.3248 Redemption; Refusal To Certify Payment; Civil Liability.
  If any person entitled to receive such redemption moneys, shall, upon payment or tender thereof to him, refuse to make and acknowledge such certificate...
• Section 600.3252 Disposition Of Surplus Money.
  If after any sale of real estate, made as herein prescribed, there shall remain in the hands of the officer or other person making...
• Section 600.3256 Affidavits To Perpetuate Evidence Of Sale; Endorsement Or Annexation To One Instrument.
  (1) Any party desiring to perpetuate the evidence of any sale made in pursuance of the provisions of this chapter, may procure: (a) An...
• Section 600.3260 Affidavits To Perpetuate Evidence Of Sale; Persons To Take.
  The affidavits specified in section 3256 may be taken and certified by any officer authorized by law to administer oaths. History: 1961, Act 236,...
• Section 600.3264 Affidavits To Perpetuate Evidence Of Sale; Record; Evidence.
  Such affidavits shall be recorded at length by the register of deeds of the county in which the premises are situated, in a book...
• Section 600.3268 Marginal Notes To Record Of Mortgages.
  A note referring to the page and book where the evidence of any sale having been made under a mortgage, is recorded, shall be...
• Section 600.3272 Repealed. 2004, Act 538, Eff. Mar. 30, 2005.
  Compiler's Notes: The repealed section pertained to notice to purchase of entire bid payment.
• Section 600.3276 Posting Of Notices; Mortgagee's Right Of Entry.
  Incident to the foreclosure of a mortgage pursuant to the provisions of this chapter, the mortgagee, his agents and assigns shall have a right...
• Section 600.3278 Physical Injury To Property; Liability; Intent To Move From Property; Damages; Joinder With Action For Possession Of Premises.
  (1) During the period of redemption following a foreclosure sale of property under this chapter, the mortgagor and any other person liable on the...
• Section 600.3280 Foreclosure By Advertisement; Deficiency; Defenses.
  When, in the foreclosure of a mortgage by advertisement, any sale of real property has been made after February 11, 1933, or shall be...
• Section 600.3285 Validity Of Foreclosure; Violation Of Subsection (2); Penalty; Filing Of Action By Attorney General; Applicability Of Section To Mortgage Entered Into Before Effective Date Of Act; Definitions.
  (1) If a mortgagor is a service member, either the mortgagor entered into the mortgage before becoming a service member or the mortgagor is...

Last modified: October 10, 2016