Michigan HB5045 modifies redemption rules for premises sold separately, allowing partial redemption and clarifying procedures.

Michigan HB5045 amends sections 48g and 48i of the 1966 Michigan Public Act 346 to modify the redemption process for premises sold separately. If a distinct lot or parcel is redeemed, the deed of sale is void only for the redeemed portion. The purchaser must attach an affidavit stating the redemption amount and deadline. The register of deeds cannot determine the redemption amount. The redemption period for the entire premises is six months from the sale date. If redemption is not completed within this period, the deed becomes operative for unredeemed parcels.

Michigan HB5045 modifies redemption rules for premises sold separately, allowing partial redemption and clarifying procedures.

Michigan HB5045 amends sections 48g and 48i of the 1966 Michigan Public Act 346 to modify the redemption process for premises sold separately. If a distinct lot or parcel is redeemed, the deed of sale is void only for the redeemed portion. The purchaser must attach an affidavit stating the redemption amount and deadline. The register of deeds cannot determine the redemption amount. The redemption period for the entire premises is six months from the sale date. If redemption is not completed within this period, the deed becomes operative for unredeemed parcels.