LANSING, MI (AP) – Gov. Rick Snyder has signed bills that he says aim to protect homeowners from foreclosure over delinquent taxes and make sure people bidding on foreclosed property are financially responsible.
Snyder signed the bills Wednesday.
The governor’s office says that two House bills aim to reduce the foreclosure rate in Wayne County, where about 76,000 residential, commercial, and industrial properties are in foreclosure. The office says that 62,000 of the properties are in Detroit.
The bills allow homeowners facing financial hardship to use a payment plan to meet tax responsibilities and avoid foreclosure.
A Senate bill requires that people bidding on foreclosed properties to register two weeks before the sale. It blocks sale to people who are delinquent on taxes or have a history of financial negligence.