MI HB5045

Requires foreclosure sale deeds to be recorded with the register of deeds within 20 days of the sale, rather than simply deposited

Provides that if a deed is not recorded within 20 days, the sale remains valid but interest on the bid amount and the redemption period both begin on the date the deed is actually recorded

Clarifies that interest on the foreclosure bid amount begins accruing from the date the deed was recorded, not from the date of sale

Maintains the 6-month redemption period for mortgagors and land contract vendees to reclaim foreclosed property by paying the bid amount plus interest

Updates procedural requirements for registers of deeds when recording foreclosure deeds and processing redemptions, including endorsing receipt date and indexing in regular deed records