Non-Performing Mortgage Notes for Sale in Michigan
Michigan State Details
Foreclosure Non-JudicialDocument Deed of TrustFC Timeline 2 - 3 MonthsFC Cost $1,932Tax Type Tax DeedTax Redemption No RedemptionDeficiency YesAvg Mo to FC 1.6667Avg Mo to REO 6.9333
Jump to State Guides & Resources ↓37 notes near Michigan · 3 portfolios · 203 sold · 54 resolved
Portfolios (3)
Cherry-Pick Mixed NPL Pool — June 2026
69 notes · $1,377,699.05 UPB
Cherry-Pick Junior NPL Pool — March 2026
82 notes · $5,967,697.54 UPB
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Individual Notes (37)
Non-Performing 1st
DETROIT, MI 48213
Available
UPB $10K-$25KLien 1stStatus Non-PerformingType SFR
Tax Status UnknownEquity Unknown
Non-Performing 1st
EATON RAPIDS, MI 48827
Available
UPB $100K-$250KLien 1stStatus Non-PerformingType SFR
Tax Status UnknownEquity Unknown
Non-Performing 2nd
LINCOLN PARK, MI 48146
Available1 bid
UPB < $10KLien 2ndStatus Non-PerformingType SFR
Senior Status UnknownEquity Unknown
Sold Notes (203)
Resolved Notes (53)
Guides & Resources
AbandonmentEncyclopedia
Abandonment occurs when a borrower vacates a property and relinquishes ownership interest. Early detection is critical for note investors to prevent.
Abstract of TitleEncyclopedia
An abstract of title is a chronological summary of all recorded documents affecting a property's ownership. Note investors use it to verify lien position.
Acceleration ClauseEncyclopedia
An acceleration clause lets the lender demand full repayment upon borrower default or other triggering event — a key protection for the note holder.
Accrued InterestEncyclopedia
Accrued interest is unpaid interest accumulated on a mortgage note — note investors treat it as potential upside on NPLs, not a basis for pricing.
ACH PaymentEncyclopedia
An ACH payment is an automatic electronic bank-to-bank transfer for collecting monthly mortgage payments, reducing delinquency risk and boosting.