MI HB4800

Adds Section 3117 allowing courts to modify mortgages or grant relief to mortgagors on 1-4 unit owner-occupied residential properties if the mortgagee engaged in specified fraudulent practices including failing to record mortgages, advising mortgagors not to pay, or placing false signatures on foreclosure documents.

Adds Section 3118 requiring courts to award actual costs and attorney fees to defendants who prevail in mortgage foreclosure actions.

Amends Section 3201 to exclude 1-4 unit owner-occupied residential mortgages from standard foreclosure procedures if the mortgagee engaged in the three specified fraudulent practices listed in Section 3117.

Modifies Section 3240 redemption rights provisions and adds provisions allowing designees to assist in computing redemption amounts, permitting designee fees, and limiting register of deeds liability for incorrect redemption amount determinations in certain counties.

Establishes varying redemption periods ranging from 30 days to 1 year depending on property type, abandonment status, and amount of indebtedness, with special provisions for agricultural property requiring mortgagor submission of tax documentation.