MI SB0635

Purchaser may designate a third party to assist in computing exact redemption amount, with that designee authorized to charge a fee of not more than $200.00.

Register of deeds in counties with population between 750,000 and 1,500,000 may determine redemption amounts at request of eligible parties and may charge up to $50.00 for this service.

Redemption amounts include the bid price, mortgage interest, sheriff's fees, a $5.00 record-keeping fee, and any taxes, senior lien amounts, assessments, or insurance premiums paid by the purchaser.

Purchaser must provide affidavit stating exact redemption amount with supporting documentation (receipts, canceled checks, insurance agent affidavit) filed with register of deeds.

County, register of deeds, and their employees are protected from liability for incorrect redemption amount determinations under the statute.