Kim v. JPMorgan Chase Bank, NA

Plaintiffs appeal as of right the trial court’s order granting summary disposition in favor of *202defendant in this mortgage foreclosure dispute. Because defendant was not authorized to proceed with the sheriffs sale, given that it had failed to record its mortgage interest before the sale as required by MCL 600.3204(3), we reverse and remand.

On July 11, 2007, plaintiffs (husband and wife) obtained a $615,000 loan from Washington Mutual Bank (the Bank) to refinance their home. As security for their indebtedness, plaintiffs granted the Bank a mortgage interest in the property, and, on July 25,…