Section 125.1449t – Right to Enter Mortgaged Premises to Post or Serve Notices.
125.1449t Right to enter mortgaged premises to post or serve notices. Sec. 49t. Incident to the foreclosure of a mortgage pursuant to sections 49 to 49v, the authority or its agents or assigns may enter the mortgaged premises for the purpose of posting or serving the notices required by sections 49 to 49v. History: Add. […]
Section 125.1449u – Action to Recover Deficiency Judgment Against Mortgagor; Defense; Applicability of Section.
125.1449u Action to recover deficiency judgment against mortgagor; defense; applicability of section. Sec. 49u. If, in the foreclosure of a mortgage by advertisement under this section and sections 49 to 49v, a sale of real property has been made or is made by the authority, at which the authority has become or becomes the purchaser, […]
Section 125.1449v – Foreclosure Against Residential Property Not Exceeding 4 Units and Not More Than 3 Acres; Applicability of Section.
125.1449v Foreclosure against residential property not exceeding 4 units and not more than 3 acres; applicability of section. Sec. 49v. (1) For purposes of this chapter, if foreclosure proceedings have been commenced under this chapter against residential property not exceeding 4 units and not more than 3 acres in size, abandonment of premises shall be […]
Section 125.1449n – Disposition of Surplus Money Remaining After Sale of Real Estate.
125.1449n Disposition of surplus money remaining after sale of real estate. Sec. 49n. If after any sale of real estate, made as prescribed in sections 49 to 49v, the officer or other person making the sale has any surplus money after satisfying the mortgage on which the real estate was sold, and payment of the […]
Section 125.1449o – Perpetuating Evidence of Sale; Affidavit; Endorsement Upon or Annexation to Instrument; References.
125.1449o Perpetuating evidence of sale; affidavit; endorsement upon or annexation to instrument; references. Sec. 49o. (1) A party desiring to perpetuate the evidence of a sale made pursuant to sections 49 to 49v, may procure 1 or more of the following: (a) An affidavit of the publication of the notice of sale, and of any […]
Section 125.1449 – Foreclosure by Advertisement.
125.1449 Foreclosure by advertisement. Sec. 49. Every mortgage of real estate held by the authority which contains a power of sale, upon default being made in any condition of such mortgage, may be foreclosed by advertisement, in the cases and in the manner specified in sections 49a to 49v, including the giving of a notice […]
Section 125.1449p – Taking and Certifying Affidavits.
125.1449p Taking and certifying affidavits. Sec. 49p. The affidavits specified in section 49o may be taken and certified by any officer authorized by law to administer oaths. History: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
Section 125.1449a – Right of Authority to Give Notice and Make Foreclosure; Conditions; Mortgage Securing Payment of Money by Installments; Installment as Separate and Independent Mortgage; Foreclosure and Redemption.
125.1449a Right of authority to give notice and make foreclosure; conditions; mortgage securing payment of money by installments; installment as separate and independent mortgage; foreclosure and redemption. Sec. 49a. (1) To entitle the authority to give a notice as prescribed in sections 49b and 49c, and to make such foreclosure, all of the following are […]
Section 125.1449q – Recording Affidavits; Presumptive Evidence of Facts.
125.1449q Recording affidavits; presumptive evidence of facts. Sec. 49q. Such affidavits shall be recorded at length by the register of deeds of the county in which the premises are situated, in a book kept for the record of deeds; and such original affidavits, the record thereof, and certified copies of such record, shall be presumptive […]
Section 125.1449b – Notice of Sale; Publication; Posting Copy of Notice Upon Premises.
125.1449b Notice of sale; publication; posting copy of notice upon premises. Sec. 49b. Notice that the mortgage held by the authority will be foreclosed by a sale of the mortgaged premises, or some part of them, shall be given by publishing the same for 4 successive weeks at least once in each week, in a […]