Bill > HB5046

This bill amends Michigan's foreclosure laws to clarify and modify procedures related to recording deeds after a foreclosure sale. The changes include requirements for how deeds are executed, recorded, and processed by the register of deeds. Specifically, the bill modifies language to require that the person making a foreclosure sale promptly execute a deed, specifying the amount for each parcel of property if located in multiple counties. The bill also establishes that if a deed is not recorded within 20 days after the sale, the sale remains valid, but the redemption period begins on the date the deed is recorded. Additionally, the bill adds a new provision (section 3240(17)) that explicitly states that if a purchaser's deed is recorded more than 20 days after the sale, the redemption period will start on the date of the deed's recording. These changes aim to provide more clarity and consistency in the foreclosure and property redemption process, ensuring that property owners and purchasers have clear guidelines for executing and recording deeds after a foreclosure sale.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5046