How Do I Claim interest in Foreclosure Land Proceeds?
Beginning with the 2021 foreclosures, in accordance with MCL 211.78t those who hold title or equity interest in property at the time of foreclosure, may file to claim leftover proceeds, if any are available, associated to those parcels which sell for more than the owing delinquency. Claiming potential proceeds begins with filing the below form 5743 Notice of Intention to Claim Interest in Foreclosure Sales Proceeds with the Foreclosing Governmental Unit (FGU) by the July 1 immediately following the effective date of the foreclosure.
Process for Claiming Remaining Proceeds after a sale
Click here for Form 5743 – Notice of Intention to Claim Interest in Foreclosure Sales Proceeds
As a result of a recent decision by the Michigan Supreme Court, if your property was foreclosed on and sold in an auction between 2015 and 2020, you may be eligible to claim remaining proceeds from the sale. This includes persons with an interest in the property (e.g.mortgage and lien holders).
Click here for Form CC-540 if sale was held after July 18, 2020
Click here for Form CC-541 if sale was held before July 18, 2020
Free Legal Information for Navigating the Claim Process