Michigan Foreclosure Law and Procedure



Here is a summary of foreclosure laws and rules for the State of Michigan:



Lenders can use either a Deed of Trust or Mortgage in Michigan.

  • In Michigan foreclosure law permits lenders to use either a mortgage or deed of trust.
  • Lenders primarily use mortgage and foreclose by trustee sale. In Michigan this is called “foreclosure by advertisement".
  • The borrower may redeem by paying the lender the sum for which the property was sold at foreclosure, plus interest at the same rate as the mortgage.
  • The lender can collect a deficiency if the lender uses a judicial foreclosure. It can also collect a deficiency under a non-judicial foreclosure but the lender’s rights are limited.

    Much more information is available throughout this website, but for definitive advice speak to a local Michigan attorney.

    If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Michigan those laws are available online.
    Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.