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We The People News • Foreclosure Rights Notification
$69,324,068.15
Troy, Oakland County, MI
Courtesy of wtpn.news · Protecting homeowners and advocating for your constitutional freedoms and rights.
This property appears in foreclosure-related records. Michigan homeowners may have rights during the redemption period under MCL 600.3240. This page is informational and not legal advice.
If the bank will not work with you, we can try to match you with an investor who may assume the mortgage note and negotiate terms that could help you stay in your home.
We can try to put an option together that may help in a difficult time, including support planning so your transition is organized and documented.
In some situations we can leverage redemption timing to negotiate a potential cash-for-keys agreement that helps cover moving expenses.
Full published notice text from legalnews records.
NOTICE OF MORTGAGE SALE ATTENTION HOMEOWNER: IF YOU ARE A MILITARY SERVICE MEMBER ON ACTIVE DUTY, IF YOUR PERIOD OF ACTIVE DUTY HAS CONCLUDED LESS THAN 90 DAYS AGO, OR IF YOU HAVE BEEN ORDERED TO ACTIVE DUTY, PLEASE CONTACT THE ATTORNEY FOR THE PARTY FORECLOSING THE MORTGAGE AT THE TELEPHONE NUMBER STATED IN THIS NOTICE. NOTICE OF FORECLOSURE BY ADVERTISEMENT. Notice is given under Section 3212 of the Revised Judicature Act of 1961, 1961 PA 236, MCL 600.3212, that the following mortgage will be foreclosed by a sale of the mortgaged premises, or some part of them, at a public auction sale to the highest bidder for cash or cashier's check at the place of holding the Circuit Court in Oakland County, Michigan, starting promptly at 10:00 a.m. on April 7, 2026. The amount due on the mortgage may be greater on the day of the sale. Placing the highest bid at the sale does not automatically entitle the purchaser to free and clear ownership of the property. A potential purchaser is encouraged to contact the county register of deeds office or a title insurance company, either of which may charge a fee for this information. Default having been made in the conditions of a certain mortgage (“Mortgage”) made by Butterfield Road Apartments LLC, a Delaware limited liability company (“Mortgagor”), to Walker & Dunlop, LLC, a Delaware limited liability company (“Mortgagee”), dated October 21, 2022, recorded on October 31, 2022, in Liber 58224, page 512, Oakland County Records. Said Mortgage was duly assigned to Federal Home Loan Mortgage Corporation, pursuant to a certain Assignment of Security Instrument dated October 13, 2022, recorded on November 3, 2022, in Liber 58237, page 33, Oakland County Records, then further assigned to U.S. Bank Trust Company, National Association, as Trustee for the Registered Holders of GS Mortgage Securities Corporation II, Multifamily Mortgage Pass-Through Certificates, Series 2022-KF148, pursuant to a certain Assignment of Multifamily Mortgage dated effective as of December 22, 2022, recorded on January 5, 2023, in Liber 58354, page 406 through, Oakland County Records, and then further assigned to KARED Securities IV, LLC, a Delaware limited liability company (“Current Mortgagee”) pursuant to an Assignment of Multifamily Mortgage dated effective February 3, 2026, recorded on February 5, 2026, in Liber 60926, Page 864, Oakland County Records, on which Mortgage there is claimed to be due the sum of $69,324,068.15, and no suit or proceedings at law or in equity having been instituted to recover the debt secured by said Mortgage or any part thereof. Now, therefore, by virtue of the power of sale contained in said Mortgage and pursuant to the statute of the State of Michigan in such case made and provided, notice is hereby given that on Tuesday, April 7, 2026, at 10:00 a.m. Local Time, at the first floor main entrance to the Oakland County Courthouse in the City of Pontiac, Oakland County, Michigan, said Mortgage will be foreclosed by a sale at public auction, to the highest bidder, of the premises described in said Mortgage, or so much thereof as may be necessary to pay the amount due, as aforesaid, on said Mortgage, together with all legal costs, charges and expenses, including the attorney fees allowed by law, and also any sum or sums which may be paid by the undersigned, necessary to protect its interest in the premises, which premises has the following legal description (collectively, the “Land”): Parcel 1: Lots 1 through 5, both inclusive, “Supervisor's Plat of Walker Farms Subdivision”, of the Northeast 1/4 of Section 29, Town 2 North, Range 11 East, City of Troy, Oakland County, Michigan, as recorded in Liber 65 of Plats, Page 36, Oakland County Records, and Lots 43 through 46, both inclusive, “Supervisor's Plat of Butterfield Farm Subdivision”, of the Northeast 1/4 of Section 29, Town 2 North, Range 11 East, City of Troy, Oakland County, Michigan, as recorded in Liber 48 of Plats, Page 44, Oakland County Records. Commonly known as: 2659 Melcombre Cir #2751, Troy, Michigan 48084 Parcel Number: 20-29-227-027 Parcel 2: Lots 21 through 29, both inclusive, “Supervisor's Plat of Butterfield Farms Subdivision”, of the Northeast 1/4 of Section 29, Town 2 North, Range 11 East, City of Troy, Oakland County, Michigan, as recorded in Liber 48 of Plats, Page 44, Oakland County Records. Commonly known as: 2775 Alisop Pl #2864, Troy, Michigan 48084 Parcel Number: 20-29-226-079 Parcel 3 (Easement): Together with a non-exclusive 30' Sign and Landscape Easement as referenced in the Grant of Easements recorded in Liber 17503, Page 298. The Land will be sold with all other property (collectively with the Land, the “Property”) identified in the Mortgage and including, without limitation, the buildings, structures, improvements now constructed or in the future constructed or placed upon the Land, including any future alterations, replacements and additions and to all of the following: (a) the buildings, structures, improvements now constructed or at any time in the future constructed or placed upon the Land, including any future alterations, replacements and additions (the “Improvements”). (b) all property owned by Mortgager which is attached to the Land or the Improvements so as to constitute a fixture under applicable law, including: machinery, equipment, engines, boilers, incinerators and installed building materials; systems and equipment for the purpose of supplying or distributing heating, cooling, electricity, gas, water, air or light; antennas, cable, wiring and conduits used in connection with radio, television, security, fire prevention or fire detection or otherwise used to carry electronic signals; telephone systems and equipment; elevators and related machinery and equipment; fire detection, prevention and extinguishing systems and apparatus; security and access control systems and apparatus; plumbing systems; water heaters, ranges, stoves, microwave ovens, refrigerators, dishwashers, garbage disposers, washers, dryers and other appliances; light fixtures, awnings, storm windows and storm doors; pictures, screens, blinds, shades, curtains and curtain rods; mirrors; cabinets, paneling, rugs and floor and wall coverings; fences, trees and plants; swimming pools; and exercise equipment (collectively, the “Fixtures”); (c) The following personal property (collectively the “Personalty”): i. accounts (including deposit accounts) of Mortgagor related to the Property. ii. Equipment and inventory owned by Mortgagor, which are used now or in the future in connection with the ownership, management or operation of the Land or Improvements or are located on the Land or Improvements, including furniture, furnishings, machinery, building materials, goods, supplies, tools, books, records (whether in written or electronic form) and computer equipment (hardware and software). iii. Other tangible personal property owned by Mortgagor which is used now or in the future in connection with the ownership, management or operation of the Land or Improvements or is located on the Land or in the Improvements, including ranges, stoves, microwave ovens, refrigerators, dishwashers, garbage disposers, washers, dryers and other appliances (other than fixtures). iv. Any operating agreements relating to the Land or the Improvements. v. Any surveys, plans and specifications and contracts for architectural, engineering and construction services relating to the Land or the Improvements. vi. All other intangible property, general intangibles and rights relating to the operation of, or used in connection with, the Land or the Improvements, including all governmental permits relating to any activities on the Land and including subsidy or similar payments received from any sources, including a governmental authority. vii. Any rights of Mortgagor in or under letters of credit. (d) All current and future rights, including air rights, development rights, zoning rights and other similar rights or interests, easements, tenements, rights of way, strips and gores of land, streets, alleys, roads, sewer rights, waters, watercourses and appurtenances related to or benefiting the Land or the Improvements, or both, and all rights-of-way, streets, alleys and roads which may have been or may in the future be vacated. (e) All proceeds paid or to be paid by any insurer of the Land, the Improvements, the Fixtures, the Personalty or any other part of the Property, whether or not Mortgagor obtained the insurance pursuant to Current Mortgagee's requirement. (f) All awards, payments and other compensation made or to be made by any municipal, state or federal authority with respect to the Land, the Improvements, the Fixtures, the Personalty or any other part of the Property, including any awards or settlements resulting from condemnation proceedings or the total or partial taking of the Land, the Improvements, the Fixtures, the Personalty or any other part of the Property under the power of eminent domain or otherwise and including any conveyance in lieu thereof. (g) All contracts, options and other agreements for the sale of the Land, the Improvements, the Fixtures, the Personalty or any other part of the Property entered into by Mortgagor now or in the future, including cash or securities deposited to secure performance by parties of their obligations. (h) All proceeds from the conversion, voluntary or involuntary, of any of the items described above into cash or liquidated claims, and the right to collect such proceeds. (i) All rents (“Rents”) described as all rents (whether from residential or non-residential space), revenues and other income of the Land or the Improvements, parking fees, laundry and vending machine income and fees and charges for food, health care and other services provided at the Property, whether now due, past due or to become due, and deposits forfeited together with all “Leases” described as all present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Property, or any portion of the Property (including proprietary leases or occupancy agreements if Mortgagor is a cooperative housing corporation), and all modifications, extensions or renewals. (j) All earnings, royalties, accounts receivable, issues and profits from the Land, the Improvements or any other part of the Property, and all undisbursed proceeds of the loan secured by the Mortgage. (k) All refunds or rebates of impositions by governmental authority or insurance company. (l) All tenant security deposits which have not been forfeited by any tenant under any Lease and any bond or other security in lieu of such deposits. (m) All names under or by which any of the above Property may be operated or known, and all trademarks, trade names, and goodwill relating to any of the Property. The period within which the above premises may be redeemed shall expire six (6) months from the date of sale. If the Property is sold at foreclosure sale under Chapter 32 of the Revised Judicature Act of 1961, pursuant to MCL 600.3278, the Mortgagor will be held responsible to the person who buys the Property at the foreclosure sale or to the Current Mortgagee for damaging the Property during the redemption period. This notice is from a debt collector. Dated: February 28, 2026 By: Attorneys for Mortgagee Foster Swift Collins & Smith PC Benjamin Price 313 South Washington Square Lansing, MI 48933-2193 (517) 371-8253 -and- Polsinelli PC Amy E. Hatch, Esq. 900 West 48th Place, Suite 900 Kansas City, Missouri 64112 (816) 753-1000 (3-3)(3-24)
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