Mich. Comp. Laws » Michigan Compiled Laws / Chapter 600 / Act 236 of 1961

Mich. Comp. Laws § 600.3228

Sale; purchase by mortgagee or assigns.

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REVISED JUDICATURE ACT OF 1961


Act 236 of 1961


600.3228 Sale; purchase by mortgagee or assigns.

Sec. 3228.

    The mortgagee, his assigns, or his or their legal representatives, may, fairly and in good faith, purchase the premises so advertised, or any part thereof, at such sale.

History: 1961, Act 236, Eff. Jan. 1, 1963

Notes of Decisions
Cited in 9 cases (1 in the last 5 years), 2007–2022 · leading case: Estate of Darryl Houston Price v. Lori Jean Kosmalski
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Estate of Darryl Houston Price v. Lori Jean Kosmalski (2012) mich · cites it 2× “See MCL 600.3228; MCL 600.3232; MCL 600.3240(1).”
Ilanit Rubin v. Fannie Mae (2014) ca6 “]” Mich. Comp. Laws § 600.3228 . We decline to address this claim.”
In Re Miller (2011) miwb · cites it 2× “Mich. Comp. Laws Ann. § 600.3228 (“The mortgagee .”
RUBY & ASSOCIATES, PC v. Shore Financial Services (2007) michctapp “See MCL 600.3228 and 600.3232. Mortgagors enjoy a statutory right of redemption in the event a mortgage is foreclosed upon and property is sold.”
DAGS II, LLC v. Huntington National Bank (2017) ca6 “2014); Mich. Comp. Laws § 600.3228 . Novel though it may be, the district court’s use of its chosen phrase “for lack of a better term,” R.”
Michael Letvin v. Jack Lew (2015) ca6 · cites it 2× “Mich. Comp. Laws § 600.3228 allows mortgagees to “fairly and in good faith” purchase foreclosed properties at a sheriffs sale.”
Fannetta Watson v. Comerica Bank (2017) michctapp “The mortgagee may, in good faith, purchase the property at this sale, MCL 600.3228, and, the sheriff or deputy sheriff will issue to it a sheriff’s deed, MCL 600.”
Fannetta Watson v. Comerica Bank (2017) michctapp “The mortgagee may, in good faith, purchase the property at this sale, MCL 600.3228, and, the sheriff or deputy sheriff will issue to it a sheriff’s deed, MCL 600.”
Christina C Anagonye-Bentley v. Village Capital & Investment, LLC (2022) mied “Laws §§ 600.3228 , 3232. But if someone other than the defaulting mortgagor acquires the sheriff’s deed, Michigan law provides the defaulting mortgagor with a statutory period—usually six months—in which they can redeem the property.”
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