Legal Question in Landlord & Tenant Law in Michigan

You are smart to consider this possibility. First, you make the seller sign (as part of the lease) that he is not in default/foreclosure, give you the name and account number of his mortgage, so you can verify. Second, you make sure that if you give the owner a damage deposit, you get the name of the bank and account number where it will be held, so you can verify, you should verify this information on a regular basis. Third, check that the loan is current from time to time, because if the bank forecloses, (you may be notified by mail, or by a notice tacked to the door) eventually the bank can evict you, regardless of your lease with the foreclosed borrower.