Michigan bills aim to reform foreclosure laws

A bill package aims to prevent local governments from profiting from home tax foreclosures.



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If passed, Senate Bill 676 and Senate Bill 1137.bills will align Michigan tax law with a July Michigan Supreme Court ruling that deemed unconstitutional what critics call “home equity theft.”

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Sens. Jim Runestad, R-White Lake, Sens. Peter J. Lucido, R-Shelby Twp, sponsored the bills.

Oakland County seized Uri Rafaeli’s home in 2014 over $8.41 of initial overdue property taxes and sold the property for $24,500 – more than $35,000 less than Rafaeli paid for it – and then pocketed $24,214.

Rafaeli walked away empty handed.

The Michigan Supreme Court ruled in July that local governments withholding any surplus from tax-foreclosure sales that exceeded the amount owed constituted an “unconstitutional taking without just compensation.”

The first bill seeks to allow people to request the remaining proceeds from the sale of

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