Changes to foreclosure statute shorten redemption

Amendments to Michigan’s foreclosure statute may allow for recovery of possession of foreclosed property inside the standard 6 month

time frame in circumstances where the condition of the property is being damaged. A lender or vendor may inspect the property after sale

to determine if damage has occurred or may occur in the near future. If the lender or vendor believes damage has occurred or is imminent,

recovery of the property may be had via summary proceedings for possession. MCL 600.3240(13)

Please contact William Carey at Carey and Jaskowski, PLLC for all of your northern Michigan real estate needs. 

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