January 2, 2013

by Jeffrey D. Weisserman
Trott & Trott, P.C. – USFN Member (Michigan)

As expected, the Michigan Legislature approved Senate Bill 1172 on December 13, 2012, thereby extending Michigan’s Foreclosure Prevention/Mediation program for another six months without change. The governor signed the bill on Friday, December 28, and assigned it Public Act No. 521. The program, which would otherwise have expired on December 31, 2012, will now continue until at least June 30, 2013. The legislature expects to revisit the program and determine whether any changes need to be made to it in the next session.

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