Civil procedure: foreclosure; distribution of proceeds from mortgage foreclosure auctions; modify. Amends sec. 3208 of 1961 PA 236 (MCL 600.3208) & adds secs. 3214 & 3222. TIE BAR WITH: HB 5153'25

Summary

The bill revises Michigan’s foreclosure notice rules and adds a mandatory waiver notice for anyone who sells a foreclosed property before the redemption period ends. It also requires a cancellation notice if a scheduled foreclosure sale is called off. The changes affect mortgagors, their heirs, and any party with a recorded interest in the property.

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