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Foreclosure Process

Eviction Process

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Foreclosure Glossary

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Click here to see a diagram of the eviction process.

 

 

 

 

Michigan uses two forms of foreclosure: foreclosure by court action and foreclosure by advertisement. Court foreclosures are permitted in Michigan; however, most mortgages contain a power of sale clause enabling the lender to sell a property through a non-judicial foreclosure by advertisement once a borrower defaults.

 

The foreclosure process can take up to 12 months to complete however, the typical foreclosure takes about eight months.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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