HB 5153·MI·house
Civil procedure: foreclosure; distribution of proceeds from mortgage foreclosure auctions; modify. Amends secs. 3240 & 3252 of 1961 PA 236 (MCL 600.3240 & 600.3252). TIE BAR WITH: HB 5152'25
Passed One ChamberFiled Oct 28, 2025
Sponsor: Joey Andrews (D)
Latest Action
REFERRED TO COMMITTEE ON HOUSING AND HUMAN SERVICES
Jul 2, 2026
Summary
The bill changes the rules for people who lose a home to foreclosure, letting them redeem the property by paying a defined amount within a set time. It also tells how any leftover money after a foreclosure sale must be returned to the original owner unless other lienholders claim it. The changes aim to make the process more transparent for homeowners, buyers, and local officials.
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