Bill > HB5152

This bill modifies Michigan's foreclosure procedures by introducing several key changes to the Revised Judicature Act. First, it updates the notice requirements for mortgage foreclosure sales, mandating that notices must be published in a local newspaper for 4 consecutive weeks, recorded with the county register of deeds before the first publication, and physically posted on the premises within 15 days of the first publication. Second, the bill introduces a new requirement for property conveyances during the foreclosure process: if a property owner sells the property after a foreclosure notice is recorded but before the redemption period ends, they must attach a detailed notice of rights to the conveyance document. This notice explicitly informs the seller about three critical rights they are waiving: the right of redemption (reclaiming the property by paying off the debt), the right to occupy the property during the redemption period, and the right to collect surplus proceeds from a potential auction sale. Finally, the bill establishes a new provision requiring that if a scheduled foreclosure sale is cancelled, a cancellation notice must be recorded with the county register of deeds within 30 days. The bill is tie-barred, meaning it will only take effect if a companion bill is also enacted.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5152