Ruling: lien determination needed for foreclosure sale
Summary by Michigan Lawyers Weekly
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Ruling: lien determination needed for foreclosure sale
While the failure to redeem property extinguished the owner’s rights related to the property, it didn’t render moot the issue of whether it was entitled to a surplus from the sale, a panel of the Court of Appeals has ruled. The court also recognized that a credit bid was permissible in a construction lien foreclosure
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