Surplus funds in Michigan: the rules, straight.
We recover foreclosure surplus, tax sale overages, and vehicle/boat/RV repossession surplus here.
Foreclosure / mortgage surplus
Yes — we recover this here.
To the mortgagor on demand / circuit court (MCL 600.3252).
Workable but thin — the money is in the tax stream, which is locked.
Tax sale overages
We work these under a direct service agreement with you — state law restricts assignments here, and we honor that.
FGU process: Form 5743 notice by JULY 1 after foreclosure, then motion FEB 1–MAY 15 (MCL 211.78t).
Claims NON-TRANSFERABLE except by inheritance (§ 78t(11)); 78t is the exclusive remedy. Purchase-model contracts are worth zero. Service-agreement + counsel model only, calendar-perfect.
Courtroom requirement: Claims here move by court motion. Licensed local attorneys on our bench handle the courtroom work inside the same contingency deal — you never pay hourly legal bills.
If nobody claims it: Missed calendar = claim barred forever.
Cars, boats & RVs in Michigan: Vehicle/boat/RV repo surplus: UCC § 9-615(d) obliges the LENDER to return the surplus; § 9-616 explanation on request; § 9-625(c)(2) statutory damages for noncompliance. Demand-letter work against the secured party — no county, no state surplus-fee cap in this table.
This page summarizes public statutes for general information — it is not legal advice, rules change, and unverified items are confirmed by our desk (and counsel where needed) before any agreement is papered. Primary source: https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-567-256 · https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-567-256a
Think Michigan is holding your money?
Five minutes, zero cost. We verify the record and tell you the truth about what's there — including when the answer is nothing.