Michigan Foreclosure

General Information on Michigan Foreclosures:

There are currently over 9,700 foreclosed properties.

Michigan Foreclosure is Advertisment

1. Michigan foreclosure law states that a mortgage must include a Power of Sale that permits the property to be sold by public auction in the event of a default by the mortgagor in the terms and conditions of the mortgage.
2. All assignments of the mortgage must be recorded.
3. There must be a default under the terms of the mortgage, which makes the power of sale operative.
4. The mortgagor must be given any required notices of default provided for under the terms of the mortgage and Note.
5. The indebtedness must be accelerated.
6. There cannot be any judicial action pending at law for recovery of the debt or any portion thereof.

Free Michigan Foreclosure Lookup:

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For assistance with your foreclosure search, please contact one of the following websites:

  • Foreclosure Lookup:Michigan Foreclosure Search – Foreclosure Deals
  • Credit Reporting:Michigan Credit Reporting – Easy-to-understand, includes credit score explanation
  • Electronic Appraiser:Michigan Electronic Appraiser – Instant Home Valuations!

    • Free Michigan Foreclosure Forms:
    Following foreclosure forms are free for download. Most of the forms are provided with instructions on how to fill the form. To download any of these foreclosure papers and forms just right click on the link and select “Save As…”.

    Foreclosure Investing Forms – Real Estate Short Sale Forms:

  • Property Evaluation Sheet
  • HUD 1 Sheet
  • Warranty Deed
  • Authorization to Release Information

    • Home Equity:

  • Waiver of Certain Terms in Other Loans with Lender
  • Affidavit of Lender Relationship
  • Acknowledgment Regarding Voluntary Repayment of Existing Debt
  • Notice of Right to Rescind
  • Election Not to Rescind

    • Refinance

  • Affidavit of Reasonable and Necessary Closing Costs For Homestead Property Refinance

    • Miscellaneous

  • 1099-S Certification For No Information Reporting
  • 1099-S Proceeds from Real Estate Transactions
  • Affidavit of Exclusion
  • Affidavit Regarding Loan Purpose
  • Assignment of Leases, Rents and Profits

  • Assignment of Mortgage

  • Authorization to Release Information
  • Common Drive Agreement
  • Consent to Encroachment (across property line)
  • Consent to Encroachment (cross encroachment)

  • Consent to Encroachment (into easement)

    • Earnest Money Escrow Agreement

  • Loan Guaranty
  • Minimum Escrow Accounting Procedures
  • Mortgage and Security Agreement
  • Notary Signature for Corporation
  • Notary Signature of Individual
  • Partial Release of Mortgage
  • Promissory Note
  • Quit Claim Deed
  • Rider to Financing Statement
  • Wrap Around Mortgage Rider
  • HUD Settlement Cost Booklet
  • Consumer Handbook on Adjustable Rate Mortgages (CHARM)
  • RESPA Reform Proposal
  • Self-Employed Income Analysis