Michigan Laws 486.13 – Mortgage lien; commencement of suit after 60 days
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Terms Used In Michigan Laws 486.13
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
Suits may be commenced for the foreclosure of such mortgage-lien at the expiration of 60 days from the time the certificate shall be recorded as mentioned in section 11 of this act.