Michigan § 600.2431 - Costs; foreclosure of mortgage by advertisement; attorney's fee.
Full text of Michigan Michigan Compiled Laws § 600.2431 — Costs; foreclosure of mortgage by advertisement; attorney's fee., with citation guidance and answers to common questions.
§ 600.2431. Costs; foreclosure of mortgage by advertisement; attorney's fee.
The expenses of foreclosing any mortgage by advertisement shall be taxed in the circuit court as in civil actions upon the request of any person paying the expenses thereof, and upon such party liable to pay the same.
Where an attorney is employed to foreclose a mortgage by advertisement, an attorney's fee, not to exceed any amount which may be provided for in the mortgage, may be included as a part of the expenses in the amount bid upon such sale for principal and interest due thereon in the following amounts:
for all sums of $1,000.00 or less, $25.00.
for all sums over $1,000.00 but less than $5,000.00, $50.00.
for all sums of $5,000.00 or more, $75.00.
But if payment is made after foreclosure proceedings are commenced and before sale is made, only 1/2 of such attorney's fees shall be allowed. Both the principal and the interest due thereon shall be included in the sum on which the attorney's fee is computed.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 600.2431
What does Michigan Compiled Laws § 600.2431 cover?
Section 600.2431 ("Costs; foreclosure of mortgage by advertisement; attorney's fee.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 600.2431?
A common citation format is "Michigan Compiled Laws § 600.2431" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 600.2431 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.