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Commission hears Berrien County resolution urging support for Michigan bills to curb foreclosure profiteering
Summary
The commission received a presentation of a Berrien County resolution urging the Michigan Legislature to pass House Bills 5152 and 5153, described as measures to stop third-party firms from preying on homeowners during and after foreclosure by restricting assignment of surplus proceeds and requiring clearer notices.
Berrien County’s resolution urging the Michigan Legislature to pass House Bills 5152 and 5153 was presented to the Benton Harbor City Commission, citing recurring predatory practices that target homeowners facing foreclosure.
Commissioner Yarbrough introduced and summarized the county resolution, saying county officials had "identified a pattern of predatory practices where third party firms target vulnerable residents who are facing mortgage foreclosure," and that the bills would help "preserve home equity for…
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