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HB5153

Civil procedure: foreclosure; distribution of proceeds from mortgage foreclosure auctions; modify. Amends secs. 3240 & 3252 of 1961 PA 236 (MCL 600.3240 & 600.3252). TIE BAR WITH: HB 5152'25

Chamber Passed·7/1/26

Michigan HB5153 modifies foreclosure auction procedures and surplus distribution.

Michigan HB5153 amends sections 3240 and 3252 of the 1961 PA 236 to modify foreclosure auction procedures and surplus distribution. The bill specifies the redemption periods for different types of properties, including residential, commercial, and agricultural properties. It also details the process for handling surplus funds after a foreclosure sale, including the requirements for claimants and interested parties to file claims and proofs.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Last
Passed the House · 102–3 · Jul 1
Current
Housing And Human Services Committee
Next
Senate floor vote

Sponsors

DDDD
4
1
R
Democratic CaucusRepublican Caucus

Roll Call Votes

102 Yea

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3 Nay

DDR

Calendar

Jun 25

10:30 AM

House Economic Competitiveness

Jun 11

10:30 AM

House Economic Competitiveness

History

Jul 2

Senate

Passed By House With Immediate Effect

Jul 2

Senate

Referred To Committee On Housing And Human Services

Jul 1

House

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