Michigan Laws 125.1449c – Notice of sale; contents
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Every notice required under section 49 shall specify all of the following:
(a) The names of the mortgagor and of the mortgagee, and the assignee of the mortgage, if any.
Terms Used In Michigan Laws 125.1449c
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
(b) The date of the mortgage, and when recorded.
(c) The amount claimed to be due on the mortgage at the date of the notice.
(d) A description of the mortgaged premises, conforming substantially with that contained in the mortgage.
(e) The length of the redemption period as determined under section 49j.