Marcus purchased a home in Detroit through a foreclosure by advertisement (sheriff's sale). After the redemption period expired with no redemption, Marcus received a document from the county sheriff transferring ownership to him. What type of deed did Marcus most likely receive?
Correct Answer
D) Sheriff's deed
In Michigan, after a non-judicial foreclosure by advertisement and the expiration of the statutory redemption period, the county sheriff issues a Sheriff's Deed to the successful purchaser at the sheriff's sale. This is a statutory deed form specific to Michigan's foreclosure process under MCL 600.3236. A sheriff's deed conveys title but typically contains no warranties beyond the sheriff's authority to convey.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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