Foreclosures
NOTICE OF MORTGAGE FORECLOSURE SALE Default has been made in the terms and conditions of a certain Mortgage made by Detroit Gateway Park Outlet Mall, LLC, a Michigan limited liability company (“Mortgagor”), to General Retirement System of the City of Detroit (“Original Mortgagee”), dated June 5, 2012, and recorded on June 7, 2012, in Liber 49884, Page 360, Wayne County Records, Michigan, and later amended by that certain First Amendment to Mortgage dated November 2, 2021, and such amendment recorded on February 14, 2022, in Liber 57401, Page 401, Wayne County Records, Michigan, as later assigned to Gateway Marketplace LLC, a Delaware limited liability company (“Current Mortgagee”), pursuant to that certain Assignment of Mortgage date January 28, 2022, and recorded on February 14, 2022, in Liber 57401, Page 414, Wayne County Records, Michigan (collectively, as so amended and assigned, the “Mortgage”), under which said Mortgage there is claimed due and owing the sum of $32,715,985.57, as of the date hereof, including interest at the default interest rate of 13.043% per annum, costs, and attorney fees. 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 Wayne County starting promptly at 11:00 a.m. on December 3, 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. Said premises is situated in the City of Detroit, Wayne County, Michigan more particularly described as: Units 3, 5 and 6, GATEWAY RETAIL CONDOMINIUM, a condominium according to the Master Deed thereof recorded in Liber 50075, Page 983, Wayne County Records, and designated as Wayne County Condominium Subdivision Plan No. 1005 and any amendments thereto, together with an undivided interest in the common elements of said condominium as set forth in said Master Deed, and any amendments thereto, as described in Act 59 of the Public Acts of Michigan of 1978, as amended. Commonly known as: 2111 E Eight Mile, Detroit, MI 48076 – Tax ID: 01008224.001 1385 W Eight Mile, Detroit, MI 48076 – Tax ID: 01008224.003 1367 W Eight Mile, Detroit, MI 48067 – Tax ID: 01008224.004 The redemption period shall be six (6) months from the date of such sale, unless validly waived to the extent permitted by applicable law. If the property is sold at foreclosure sale under Chapter 32 of the Revised Judicature Act of 1961, under MCL 600.3278, the borrower will be held responsible to the person who buys the property at the mortgage foreclosure sale or to the mortgage holder for damaging the property during the redemption period. ATTENTION PURCHASERS: This sale may be rescinded by the foreclosing Current Mortgagee for any reason. In that event, your damages, if any, shall be limited solely to the return of the bid amount tendered at sale, plus interest, and the purchaser shall have no further recourse against the Mortgagor, the Current Mortgagee, or the Current Mortgagee's attorney. Dated: November 3, 2026 Taft Stettinius & Hollister LLP Attorneys for Gateway Marketplace LLC By: Anthony M. Cimini, Esq. 27777 Franklin Rd., Suite 2500 Southfield, MI 48034-8214 248.351.3000 (11-3)(11-24)
Full Description



