Foreclosures Help Information

Foreclosure Law In Michigan

Question: In foreclosure in Michigan (home), how do they determine if you have to pay deficiency or not?

The law says something to the effect of "in some cases a deficiency may be charged". How is that determined?

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Answer: purely up to the bank if they either want to write the debt off, or go after you personally and your assets for the difference

Michigan Real Estate Attorney Discusses the Foreclosure Crisis and Options for Homeowners

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