Finance
Michigan's Power of Sale foreclosure process is:
AA judicial process requiring court approval at each step
BA non-judicial process where the lender may foreclose by advertisement without court involvement✓ Correct
CAvailable only for commercial properties
DProhibited in Michigan; all foreclosures must be judicial
Explanation
Michigan allows non-judicial foreclosure by advertisement (power of sale), which does not require court involvement. The lender must publish notice of foreclosure sale for 4 consecutive weeks and conduct the sale at the county courthouse.
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