Non-Judicial Commercial Foreclosure Checklist (Foreclosure by Advertisement) (MI) | Practical Law

Non-Judicial Commercial Foreclosure Checklist (Foreclosure by Advertisement) (MI) | Practical Law

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Non-Judicial Commercial Foreclosure Checklist (Foreclosure by Advertisement) (MI)

by James A. Martone, Dickinson Wright PLLC, with Practical Law Real Estate
Law stated as of 03 May 2024Michigan
A Checklist outlining important steps for a lender when preparing for and conducting a non-judicial foreclosure (foreclosure by advertisement) of a mortgage secured by commercial real property in Michigan. This Checklist discusses pre-foreclosure considerations and covers the non-judicial foreclosure process from issuing the statutory notice of sale to obtaining a deficiency judgment.