Protest Lansing Bill to Speed Foreclosures

Tools of the Bankers’ Rule at it again – Stop Senate Bill 383

They want to reduce the redemption period from 6 months to 60 days!

The same right-wing blitz that forced right-to-work thru the lame-duck legislature is now targeting homeowners with a bill that will dramatically accelerate the pace of foreclosure evictions. Current law allows homeowners in foreclosure a six-month redemption period from the time of the sheriff’s auction to gather funds to redeem their home or to challenge illegal or fraudulent foreclosures. Senate Bill 383 sponsored by Republican Senators Booher and Richardville will shorten that redemption period to just 60 days, guaranteeing that many more families will face imminent eviction after the sheriff’s sale. (See “Action Alert” from the Michigan Foreclosure Task Force.)

Passage in the Senate seems assured, but there is a chance that in the House–where the conservative majority narrowed after the last election– some Republicans will hesitate before endorsing this blatant attack on Michigan’s struggling homeowners.

We need to take Action to expose this stealth legislation and muster opposition:

Tuesday, May 28, 12 Noon — Michigan United will be having a press conference at Noon on the West steps of the Capitol, followed by actions to protest the bill and pressure legislators to oppose it. Transportation on that day is leaving from Detroit at 9:45 am (meeting at 9:00 am) from Pleasant Grove Baptist Church, 13651 Dequindre (South of McNichols).Call 810-523-7123 for more information.

Wednesday, June 5, 12 Noon — the House Financial Services Committee will be taking up this “legislation.”Let’s pack the hearing. Get there early to sign up to testify at the Anderson House Office Building, 124 N. Capitol, Lansing.Detroit Eviction Defense will be car pooling to the hearing leaving from 5920 Second Avenue, Detroit, MI 48202 (just above Wayne State University) at 9:30 am.Call or text (identify yourself) Kathy Murphy at 734-578-1887 for more information.

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