Michigan Redemption Rights — Reclaiming Your Property After Sale
Reinstatement before sale and statutory redemption after sale — your rights to keep or reclaim your home in Michigan.
Pre-sale reinstatement vs. post-sale redemption
| Reinstatement | Redemption | |
|---|---|---|
| When | Before the foreclosure sale | After the foreclosure sale |
| Amount owed | Arrears + fees + costs | Full loan balance + fees + costs |
| Available in Michigan | Limited | Yes — 6 months after sale (reduced to 30 days if property is abandoned; 1 month for some commercial properties; may be reduced to 3 months if purchase price is at least 2/3 of appraised value) §600.3240 |
| Effect | Loan continues as if no default | Property returned to borrower; sale reversed |
Reinstatement
Michigan does not have a specific statutory reinstatement right. Check your loan documents — many mortgages include a contractual reinstatement provision.
Statutory redemption
After the foreclosure sale, borrower (mortgagor), heirs, devisees, grantees, mortgagees of borrower, and judgment lienholders may redeem the property within 6 months after sale (reduced to 30 days if property is abandoned; 1 month for some commercial properties; may be reduced to 3 months if purchase price is at least 2/3 of appraised value) §600.3240. To redeem, you must pay the full sale price (or the full debt, depending on state law) plus interest and costs. During the redemption period, the borrower may retain possession in some states.
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Frequently Asked Questions
General answers to common questions. Specific outcomes depend on your facts and timing.
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