22201 Kelly Road, Eastpointe, MI 48021

Public Foreclosure Notice

Redemption estimate notice: Statutory redemption periods for court-ordered or judicial sales are determined by judicial decree and public record verification under Michigan law (MCL 600.3140 et seq.). Dates displayed are estimates for informational purposes.
NoticeId 1606815
FullNoticeText NOTICE OF FORECLOSURE BY ADVERTISEMENT 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 be foreclosed by a sale of the mortgaged premises, or some part of them, at public auction sale to the highest bidder for cash or cashier's check at that place where Circuit Court is held in Macomb County, Michigan, starting promptly at 10:00 a.m., on October 23, 2026. The amount due on the mortgage may be greater on the day of the sale. Placing the highest bid at 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 has been made in the conditions of a certain Commercial Mortgage (“Mortgage”) to secure an indebtedness in the original amount of $330,000.00, from 22201 Kelly Developments, LLC, a Michigan limited liability company, the Mortgagor, to Velocity Commercial Capital, LLC, the Original Mortgagee, dated January 11, 2024, recorded on January 19, 2024, at Instrument No. 202400004784, Liber 29446, Page 223 of the Records of the Macomb County Register of Deeds, as assigned to U.S. Bank Trust Company, National Association, as Trustee for Velocity Commercial Capital Loan Trust 2024-2, the Current Mortgagee, by virtue of an assignment recorded at Instrument No. 202400033830, Liber 29559, Page 282 of the Records of the Macomb County Register of Deeds, on which Mortgage there is claimed to be due the principal amount of $425,941.63 as of September 30, 2026, plus regular interest accruing on the principal at the rate of 12.49% per annum, plus default interest on the principal at the rate of 4.0% per annum, plus loan fees that continue to accrue thereafter, plus late charges, corporate advances, and escrow advances that continue to accrue thereafter, plus any applicable contractual prepayment penalty, plus legal fees and costs. No suit or proceeding at law has been instituted to recover the debt secured by said Mortgage or any part thereof. Said premises are commonly known as 22201 Kelly Road, Eastpointe, MI 48021, situated in Macomb County, Michigan, and are described as follows: All of Lots 51, 52, 53, 54 & Part Lots 55, 56, & 57 More Fully Described as: Beginning at Southeast Corner Lot 51; Thence North 38 degrees 14 minutes East 119.42 Feet; Thence North 51 degrees 55 minutes 16 seconds West 79.33 Feet; Thence South 38 degrees 14 minutes West 180.10 Feet; Thence North 89 degrees 16 minutes East 100 Feet to Point of Beginning., of KELLY SUPER-HIGHWAY SUBDIVISION according to the plat thereof recorded in Liber 8 of Plats, Page 83 of Macomb County Records. Tax Parcel Number(s): 14-32-208-018 Notice is further given that the length of the redemption shall be six months from the date of 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. If the mortgaged premises is sold at a foreclosure sale under MCL Chapter 600, under section 3278, the Mortgagor will be held responsible to the person who buys the mortgaged premises at the mortgage foreclosure sale for damaging the mortgaged premises during the redemption period. This Instrument Prepared By: Zachary D. Prendergast, Esq. Robbins Kelly Patterson & Tucker 312 Elm Street, Suite 2200 Cincinnati, Ohio 45202 Phone: (513) 721-3330 Fax: (513) 721-5001 E-Mail: zprendergast@rkpt.com (9-18)(10-9)