Civil procedure: foreclosure; recording of deed; modify. Amends secs. 3232 & 3240 of 1961 PA 236 (MCL 600.3232 & 600.324).

This bill modifies Michigan's foreclosure laws to clarify how deeds must be recorded and to adjust the timeline for when a property can be legally sold if the owner fails to redeem it. It requires that deeds be recorded within 20 days of a foreclosure sale, ensuring that if this deadline is missed, the sale remains valid but the clock for the owner to reclaim the property starts only after recording. The legislation also updates the rules for calculating redemption amounts by explicitly including fees for taxes, senior liens, and insurance premiums, while allowing purchasers to designate a representative to help buyers compute these costs. Additionally, the bill mandates that registers of deeds mark deeds with the word "Redeemed" once a property is successfully reclaimed, providing a clear record of the transaction's status.