state_legiscan_drain · MI
Civil procedure: foreclosure; public sale of property being foreclosed by advertisement; allow to be held virtually. Amends secs. 151d & 321 of 1961 PA 236 (MCL 600.151d & 600.321).
September 4, 2025
Summary
If enacted, this bill would permit non-judicial foreclosures by advertisement in Michigan to be conducted through virtual public sales rather than in-person auctions, amending MCL 600.3208 and 600.3212. Lenders, servicers, and virtual auction platforms would need to update foreclosure sale procedures, while borrowers facing foreclosure would see changes in how and where their property is auctioned.
AI-generated summary · Sep 13, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0527
Common questions
- What does "Civil procedure: foreclosure; public sale of property being foreclosed by advertisement; allow to be held virtually. Amends secs. 151d & 321 of 1961 PA 236 (MCL 600.151d & 600.321)." cover?
- If enacted, this bill would permit non-judicial foreclosures by advertisement in Michigan to be conducted through virtual public sales rather than…
- When was it published?
- It was published on September 4, 2025.
Related updates
- Budget Finance Co. - New Martinsville, WV ORDER
- Ocwen Financial Corp. order issued by the Division of Banking and find answers to frequently asked questions. (order)
- Mortgagee Letter 2026-03: Updates to Bidding at Foreclosure and Post-Foreclosure Sales Efforts
- Agreed Order
- Mortgagee Letter 2026-06: Increase in the Maximum Number of Draw Requests for Limited 203(k) Rehabilitation Mortgage Insurance Program
- Mortgagee Letter 2026-09: Eliminating Unnecessary Requirements for FHA Mortgagee Approval and Quality Control