Contact Us

State Senate Approves Increase in Time for Homeowners to Try and Save Home from Foreclosure

Nick Bastian Tempe, AZ – Flickr

The Michigan Senate has approved legislation that would increase the length of time homeowners have to try and work with banks to save their homes from foreclosure. The bills increase the time period from 90 days to 120 days.

The final version also did not include a measure which would have accelerated the foreclosure process on homeowners that would have led to more people in the state losing their homes.

State Senator Jim Ananich said “there are still many problems that need to be resolved with the lingering foreclosure crisis, but we avoided taking a step backwards with the changes approved.” Ananich is Vice Chair of the Senate Banking and Financial Institutions Committee.

The Senate Bills passed avoided shortening the redemption period from six months to two months, which would have made it among the shortest redemption times in the Great Lakes region.

Best of WFNT

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Please solve this simple math problem to prove that you are a real person.

Sign up for WFNT Treasure Trove quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WFNT Treasure Trove contests, events, coupons, presales, and much more delivered to you for FREE.