Under the amended law, a court is authorized to stay judicial foreclosure proceedings until six months after a service member’s period of military service. The bill also prohibits a non-judicial foreclosure sale from occurring at any time while the borrower is in military service or within 6 months after the end of military service.

The new statute (Senate Bill No. 749) amends the state’s foreclosure laws to provide certain protections for military service members involved in foreclosure proceedings. This new law (actually an amendment to current law) applies to service members who are deployed in overseas service, as well as to service members not stationed overseas who had entered into the mortgage before becoming a service member.

“Service member” means an individual who is in military service and is a member of the armed services or U.S. reserve forces or a member of the Michigan national guard.

The amended law applies to mortgages or land contracts entered into on or after May 21, 2008.