| Michigan HB 4453 and 4455 Proposed Legislation |
| Monday, 18 May 2009 | |
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Michigan HB 4453 and HB 4455, each introduced on 2/26/2009, were agreed on May 14, 2009 by Michigan’s congressional conference committee. This proposed legislation would give borrowers a 90-day window to consult with housing counselors and their servicers in an attempt to avoid foreclosure. The bills encourage greater communication and negotiation between servicers and borrowers
The legislation provides a 90 day foreclosure moratorium, which begins to toll after the foreclosure notice has been sent to a borrower. Upon receipt, the borrower has 14 days to request an in-person meeting with the lender. To view the current version of the text, please click on the following links: For additional information, please click here. About SafeguardSafeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico. |
