Bill > SB0527

This bill amends Michigan's foreclosure laws to allow for virtual or online public sales of properties being foreclosed, in addition to traditional in-person auctions. The bill modifies notice requirements for foreclosure sales, mandating that if a sale is to be held online, the person conducting the sale must post notice on the county website and provide additional public notification methods. The bill also updates the mandatory language in foreclosure notices to include two potential sale formats: either an in-person auction at the county circuit court or an online auction, with specific details about how the auction will be conducted. The notice must now include a website address for online auctions and clarify how potential buyers can participate or observe the sale. Additionally, the bill requires that within 15 days of the first publication of the foreclosure notice, a copy must be posted conspicuously on the property. These changes aim to provide more transparency and accessibility in the foreclosure process, giving potential buyers clearer information about how and where foreclosure sales will take place. Notably, the bill is tied to another piece of legislation (Senate Bill 528) and will only take effect if that bill is also enacted.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0527