MI SB1171

Adds a postponement period of up to 1 year after foreclosure judgment for "qualified redevelopment property" (commercial/industrial real property of 100+ contiguous acres) to allow public engagement and assessment of environmental conditions before sale.

During the postponement period, the foreclosing governmental unit must consult with the county and local municipality to assess environmental conditions and pursue the property's most beneficial community use through public engagement.

If no alternative disposition results from the public engagement process within the postponement period, the standard foreclosure sale process resumes under existing subsections.

Makes technical corrections throughout the statute, replacing "shall" with "must," "in which" with "where," and "prior to" with "before" for consistency.

Updates references to the Michigan Department of Environmental Quality to reflect the current Department of Environment, Great Lakes, and Energy.