MI HB6413

Replaces references to "heirs, executors, or administrators" with "heir or personal representative" throughout redemption provisions in the Revised Judicature Act.

Allows a purchaser at foreclosure sale to designate a person to assist mortgagors in computing redemption amounts, with the designee limited to charging a maximum fee of $50.00.

Requires the purchaser to attach an affidavit to the recorded deed stating the exact redemption amount needed, including daily per diem calculations, rather than relying on the register of deeds to determine this amount.

Maintains the $5.00 fee paid to the register of deeds for care and custody of redemption money when payments are made to that office instead of directly to the purchaser.

Clarifies language regarding redemption periods for different property types (commercial, residential, abandoned properties) and the conditions under which mortgagors may redeem foreclosed property.