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Montmorency commissioners unanimously back bills to curb foreclosure profiteering
Summary
The board adopted Resolution #2026-07 supporting House Bills 5152 and 5153, which the resolution says would bar assignment of surplus foreclosure proceeds and require a plain-English notice for post-foreclosure conveyances; the resolution passed by a 5–0 roll call.
The Montmorency County Board of Commissioners unanimously adopted Resolution #2026-07 on March 26, 2026, expressing support for House Bills 5152 and 5153, legislation described in the resolution as aimed at protecting homeowners during mortgage foreclosure proceedings.
Commissioner Bob DeVriendt moved the resolution and Commissioner Lloyd Peltier seconded it. The resolution text says the bills would, among other provisions, make "a mortgagor's right to surplus money and right of redemption non-assignable and non-transferable after a notice of foreclosure is recorded," and require a mandatory, plain-English "Notice of Rights" for conveyances after a foreclosure notice is recorded. The board approved the resolution on a roll-call vote (Yeas: 5; Nays: 0).
The resolution states counties in Michigan have identified cases where third-party firms seek to obtain homeowners' rights to surplus proceeds and redemption for far less than the assets' true value, creating a burden for county offices that must manage fraudulent claims. The clerk will forward copies of the adopted resolution to the governor and legislative leaders and distribute it to county clerks statewide, as directed by the board.
