EUIHYUNG KIM vs JP MORGAN CHASE BANK | Michigan Appeals Court Reversal " JPMC was not authorized to proceed with the sheriff's sale since it failed to record its mortgage interest"

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EUIHYUNG KIM vs JP MORGAN CHASE BANK | Michigan Appeals Court Reversal “Not authorized to proceed with the sheriff’s sale, failed to record its mortgage interest”

EUIHYUNG KIM vs JP MORGAN CHASE BANK | Michigan Appeals Court Reversal “Not authorized to proceed with the sheriff’s sale, failed to record its mortgage interest”

S T A T E  O F  M I C H I G A N
C O U R T  O F  A P P E A L S

EUIHYUNG KIM and IN SOOK KIM,
Plaintiffs-Appellants,

v

JP MORGAN CHASE BANK,
Defendant-Appellee.

EXCERPT:

Therefore, pursuant to the plain language of MCL 600.3204(3), defendant was required
to record its mortgage interest before the sheriff’s sale. Because defendant failed to do so, it was
not statutorily authorized to proceed with the sale. See MCL 600.3204(3) (“If the party
foreclosing a mortgage by advertisement is not the original mortgagee, a record chain of title
shall exist prior to the date of sale . . . .” [Emphasis added]); see also Davenport v HSBC Bank
USA, 275 Mich App 344, 347-348; 739 NW2d 383 (2007) (“Because defendant lacked the
statutory authority to foreclose, the foreclosure proceedings were void ab initio.”) Accordingly,
the trial court erred by granting summary disposition for defendant and denying plaintiffs’
motion for summary disposition when they were entitled to set aside the sheriff’s deed. Given
our resolution of this issue, it is unnecessary to address plaintiffs’ argument that the trial court
erred by prematurely disposing of their cause of action without permitting discovery.
[ipaper docId=78488254 access_key=key-230vn08yym7yezdbawli height=600 width=600 /]

 

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2 Responses to “EUIHYUNG KIM vs JP MORGAN CHASE BANK | Michigan Appeals Court Reversal “Not authorized to proceed with the sheriff’s sale, failed to record its mortgage interest””

  1. Glenn says:

    I understand that the has sought leave to appear from the Michigan Supreme Court. Does anyone have any further status at this point? Thank you.

  2. heather says:

    what about the people who bought a home, then just hrs before closing we are told we cant purchase the home! It is on “hold” this home has been empty for 3 yrs or more the people who owned it have moved on and does not want this property, cases like this should be lifted and not tied into all this other stuff going on, my family and I have suffered from this very deeply, we have been looking for a home for 4yrs now, we finally found one that suits our family, then the day of our closing we are told NO, 24hrs before we could have bought it but the selling agent was tied up with other clients, where are MY rights at
    i feel i am a victim and its not right, i just want to buy our home for our children!

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