Mortgage foreclosure surplus
MCL § 600.3252 governs foreclosure by advertisement, paying costs, secured debt, junior mortgagees or lienholders by priority and then the mortgagor or successors. Sections 600.3201 et seq. govern procedure, and § 600.3252 sets no fixed owner surplus cutoff. If claims conflict, the officer may pay surplus to court for priority determination. Property-redemption periods under § 600.3240 vary by property and are not surplus deadlines.
