Michigan Governor Signs Law Offering Protection For Servicemembers Under Threat Of Foreclosure

In Michigan, WEYI-TV Channel 25 reports:

• Governor Jennifer M. Granholm [Wednesday] signed a bill that protects military service members from the threat of mortgage foreclosure. The bill prevents foreclosure on future home purchases for six months after the end of an owner’s military service. [...] Public Act 138 amends the Revised Judicature Act by allowing a court to issue a stay on mortgage foreclosure proceedings for six months after the end of the individual’s military service. Under the new law, mortgage servicers who attempt to sell or foreclose real estate that has received a stay from the court could be subject to a $2,000 civil fine.

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• This new law is just the latest action in the Granholm administration’s efforts to help protect military members when they return home to Michigan from service. Last month, the Governor signed a bill that guarantees citizens who serve on active duty in the armed forces or National Guard the opportunity to get their jobs back upon their return from duty. The legislation allows qualified military personnel to file civil actions against employers if they are denied reemployment.

For more, see Mortgage foreclosure protection.

Go here for posts on the Federal statute offering similar protection under the Servicemembers Civil Relief Act.