Bill > SB0528

This bill amends Michigan's foreclosure laws to explicitly allow public sales of mortgaged property to be conducted online in addition to traditional in-person sales. Specifically, the bill modifies existing law to permit foreclosure sales to be held either in person at the county courthouse or online, with new requirements for online sales. For online auctions, the bill mandates that the auction platform must be secure, reliable, and accessible to all potential bidders, and the highest bidder must pay the full amount within 24 hours (excluding weekends and holidays). The bill also updates rules for adjourning (postponing) foreclosure sales, requiring that online sale adjournments be prominently posted on the auction platform and the county website, and that any adjournment lasting more than one week must be republished in the original newspaper. These changes provide more flexibility in conducting foreclosure sales while maintaining transparency and accessibility for potential buyers. The bill is tied to another piece of legislation (Senate Bill 527) and will only take effect if that companion bill is also enacted into law.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0528