MI HB5153

Prohibits the transfer or assignment of a mortgagor's redemption rights after a foreclosure notice is recorded, except through inheritance (testate or intestate succession)

Prevents any person who obtains a recorded interest in foreclosed property after the foreclosure notice is recorded from redeeming the premises

Prohibits the transfer or assignment of a mortgagor's right to surplus money from a foreclosure sale after the first publication of the foreclosure notice, except through inheritance

Makes technical language updates throughout the Revised Judicature Act's foreclosure provisions, replacing gendered pronouns and modernizing phrasing

Bill's effectiveness is contingent on enactment of companion legislation (Senate Bill No. ____ or House Bill No. ____ request no. S00820'25/H00820'25)