MI HB5263

Requires foreclosing governmental units to file a single petition by June 15 each tax year with the circuit court clerk listing all forfeited and unredeemed properties to be foreclosed for delinquent taxes, interest, penalties, and fees.

Allows foreclosing governmental units to withhold properties from foreclosure petitions if held by minor heirs, incompetent persons, or those unable to manage affairs due to age or infirmity until a guardian is appointed.

Permits withholding of properties from foreclosure if the owner has household income at or below 200% of federal poverty guidelines published by the U.S. Department of Health and Human Services, or alternative guidelines adopted by the foreclosing governmental unit.

Requires foreclosing governmental units to develop and publicly adopt a written policy defining substantial financial hardship for purposes of withholding properties from foreclosure.

Sets the hearing date for foreclosure petitions to occur no more than 30 days before March 1 of the year following the petition filing.