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MI SB0528
Bill
AI Summary
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Allows foreclosure sales of mortgaged property to be conducted either in person at the circuit court location or online through a virtual auction platform
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Requires online auction platforms used for foreclosure sales to be secure, reliable, and accessible to all interested bidders
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Mandates that winning bidders in online sales must pay within 24 hours (excluding weekends and holidays) for the deed to be executed and delivered
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Requires adjournment notices for online sales to be posted visibly on the auction platform, the county website, and through any other means previously used to provide sale notice
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Ties the bill's effective date to the enactment of Senate Bill 527 of the 103rd Legislature
Legislative Description
Civil procedure: foreclosure; public sale of property being foreclosed by advertisement; allow to be held virtually. Amends secs. 3216 & 3220 of 1961 PA 236 (MCL 600.3216 & 600.3220). TIE BAR WITH: SB 527'25
Civil procedure: foreclosure
Last Action
Referred To Committee On Local Government
9/4/2025