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Can a Mortgage Company collect more than the Foreclosure Sale $ in Michigan?

So my friend is in foreclosure and is trying to figure out what is the law in Michigan and it is very confusing. It seems that if the bank takes the house and sells it then they can sue him for the difference of what they sold it for and what he owes. But it went to sheriff sale and the bank bought it from themselves, so the question is that the sale or is it the sale later to someone else that matters? And also how can he find out how much they bought it at the sheriff sale for?
So then in this case if the mortgage company bought it for say 30,000 less than the mortgage then they can sue for the difference. Do they usually do this?

Are deficiency judgments permitted in Michigan?
Yes. Foreclosure is the sole remedy against a property unless there is a separate legal document which obligates a borrower to a specific amount of money. This is usually in the form of anote andguaranty. Adeficiency judgment may be obtained when a property in foreclosure is sold at a public sale for less than the loan amount which the underlying mortgage secures. The borrower can claim that the foreclosure sale was not forfair market value of the property as adefense.

First sale is the only one that matters.

Purchase price is a public record. will be on the deed; and as he is responsible for the balance, they will give him a copy of the foreclosure sale proceedings if he requests it and it will list everything,

Rakim-Love 4 sale

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