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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San Quentin Outbreak; Police Reform; Wow Homes: Patch PM

NORTH BAY, CA – Missed today’s headlines? Here are the Patch stories from Marin, Napa, Solano and Sonoma counties that people are talking about today:

San Quentin Must Cut Inmate Population In Half Amid Outbreak

  • “The COVID-19 outbreak at San Quentin has been the worst epidemiological disaster in California correctional history,” a CA court stated.

PG&E Public Safety Power Shutoff To Begin In Napa, Sonoma Counties

  • The two North Bay counties are among five in the Bay Area affected by this latest PSPS.

Judge Rules Against Vallejo Police Officers Association

  • VPOA sought a temporary restraining order to prevent the city of Vallejo from instituting a public emergency for police reform.

Sonoma County Allocates $4M To Address Coronavirus Disparities

  • “Long standing socioeconomic inequities do place our most vulnerable residents at risk.”

CA Appoints First Black Woman To Lead The CHP

  • Amanda Ray is the first woman and second Black person to

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China Gives Shenzhen More Autonomy for Market Reform, Integration | Investing News

SHANGHAI (Reuters) – China on Sunday detailed steps to grant more autonomy to Shenzhen, letting the southern financial and technology hub pilot reforms in market development and economic integration.

The changes announced by the National Development and Reform Commission include more flexibility to pursue reforms in areas such as land use and cross-border arbitration.

Shenzhen will launch stock index-futures products and will be allowed to issue offshore yuan-denominated local government bonds. Some companies will be allowed, via pilot projects, to issue shares or Chinese Depositary Receipts, which allow Chinese tech companies listed overseas to also list at home.

The commission lists steps to further integrate the Greater Bay Area: Shenzhen and eight other cities in Guangdong province, as well as the adjacent territories of Hong Kong and Macau.

These measures include establishing a big-data centre, experimenting with approved drug use between the territories, and establishing a cross-border arbitration centre.


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