My question involves business law in the state of: Michigan, I purchased a retail business in march of this year. I recently found out my landlord has been in default of his mortgage since January. The building is going to sheriff's sale very soon and we would like to close the business.
I know our lease personally guarantees me as well as assigned the lease to the bank upon takeover.
If I want to get out our landlord has been asking us for a few months should I try to make a deal with them or wait for the sale. The question is am I still stuck with the landlord until the 6 month redemption period is up or can I try to deal with the bank once the take it back at the sale.
Thanks

