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According to Michigan foreclosure laws, the state uses two forms of foreclosures, namely the judicial and the non-judicial procedures. In Michigan the lender can foreclose the mortgage by filing the law suit in the Michigan circuit court.
The foreclosed property can be sold under the commercial basis otherwise known as non-judicial foreclosure or through advertising. The notice of the sale of the foreclosure properties should be published in the local newspaper for four weeks, in the prescribed manner which is generally once a week for a few weeks and then fifteen before the sale.
The proceedings for the sale of this foreclosure property are carried out by the officer or person conducting the sale. The borrower can get back his three to four units of the abandoned foreclosed property, for a period of one year from the date of the foreclosure sale.
And if the property is deserted, in case the balance is over two-thirds of the original mortgage then the recovery period is reduced to one month. If the foreclosed property is four units or less and is less than three acres in size, then two different redemptions time period is concerned. If the unpaid balance on a mortgage is less than two-thirds of the original debt, the borrower is given only three months to redeem the property if it has been abandoned.
If the borrower fails to respond to the notices, then the sale of the foreclosure properties can be rejected after the personal assessment resulting in negative responses. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.


Tax Lien Certificates are rights to collect taxes and interest from municipal real estate tax assessments. In the State of New Jersey, the general rule for tax lien priority is the first filed document has the greater right. Most states require a lengthy wait from the purchase of the tax lien certificate to the right to foreclose. In New Jersey, the waiting period is two (2) years for private investors.
What is the effect of a tax sale judgment entered in the Superior Court of New Jersey, Chancery Division? Once a judgment is entered in a tax foreclosure lawsuit, can the property owner still redeem the tax lien under state law? No. Unlike a regular mortgage foreclosure case , in tax foreclosure cases the property owner loses title to the property once a final judgment is entered.
When in a judgment in an action to foreclose the right of redemption, the lands are described in a manner other than that contained in the certificate of tax sale, the judgment shall bar the defendant’s right of redemption in and to all the lands described in the judgment, and that property only. If you are a real estate investor, loan officer at a bank or financial institution, contact our New Jersey real estate tax foreclosure attorneys today to discuss your  property tax foreclosure case.
Our New Jersey real estate tax foreclosure attorneys serve Northern, Central and Southern New Jersey. Providing foreclosure defense to residents of Bergen County, Essex County, Hudson County, Middlesex County, Mercer County, Monmouth County, Morris County, Passaic County, Somerset County, Union County, and elsewhere in the Garden State. The court orders to sell the property six months after the primary filing of the proceedings. This situation occurs when the mortgage is not held by the Michigan state housing development authority.


Apart from this the notice should be posted in the area where the sale of the foreclosure properties is going to be held.
If the amount that remains unpaid on the loan is more than two-thirds of the original debit, then the borrower is given six months to redeem.
During this 2-year period and during the foreclosure case the investor must pay all the property taxes assessed by the municipality. Thus, tax certificate liens holders must be prepared to tie their money up for an extended period of time.
One of our experienced New Jersey real estate tax foreclosure attorneys will respond within 24 – 48 hours. Bergen County, Essex County, Hudson County, Mercer County, Middlesex County, Monmouth County, Morris County, Passaic County, Somerset County, Union County, and elsewhere in the Garden State. The circuit court commissioner is solely responsible for the sale of the foreclosure homes. The last date for the sale should be specified so as the borrower can redeem the foreclosure home if possible. Our tax foreclosure attorneys also represent homeowners in defending tax foreclosure lawsuits. The only condition is the auction should be adjourned that within 10 days from the date of the sale.



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