Michigan Foreclosures - 20,624 Foreclosure Listings

Foreclosure Homes in Michigan

There are currently foreclosed homes listed in Michigan. Why should you consider buying a foreclosure property in Michigan? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Michigan when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Michigan, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Michigan that you want to look for a property below. Then search through all distressed real estate listings in Michigan for the amazing deal that’s right for you.

Michigan Foreclosure Laws

Michigan primarily uses non-judicial (judicial allowed) foreclosure involving mortgage. deeds of trust are not standard.. Typical timelines run 3-6 months typical. Post-sale redemption usually 6 months. Deficiency judgments permitted

Foreclosure Type Process

Non-Judicial (Judicial allowed)
Mortgage Instrument Security Type

Mortgage. Deeds of trust are not standard.
Typical Timeline Duration

3-6 months typical
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

Post-sale redemption usually 6 months.
Process Summary

Michigan typically uses nonjudicial foreclosure by advertisement. After sale, borrowers usually have a statutory redemption period.
Notice / Timing Statute

Michigan Compiled Laws § 600.3201 et seq. (statutory foreclosure by advertisement)
Redemption Statute(s)

Michigan Compiled Laws § 600.3240 (redemption periods vary by property type)
Deficiency Statute(s)

Michigan Compiled Laws § 600.3280 (deficiency allowed after foreclosure)

How to Buy a Foreclosure in Michigan

To buy a foreclosure in Michigan, review county treasurer tax sale lists, MLS notices, and court foreclosure auctions. Michigan uses judicial foreclosure; be aware of redemption rights. Arrange financing early. Perform a title search and property assessment. Participate in the foreclosure auction or negotiate with the lender for REO sales

What type of foreclosure is used in Michigan?

The type of foreclosure in Michigan is Non-Judicial (Judicial allowed)

Is there a redemption period in Michigan?

Post-sale redemption usually 6 months.

Are deficiency judgments allowed in Michigan?

Deficiency judgments permitted in Michigan

How do you buy a foreclosure in Michigan?

To buy a foreclosure in Michigan, review county treasurer tax sale lists, MLS notices, and court foreclosure auctions.