LANSING — The Republican-controlled state Senate earlier Tuesday morning passed the home foreclosure prevention legislation, a compromise bill which was referred out of conference committee and passed the House lawmakers last week Wednesday. The vote was unanimous, with one senator absent from the proceedings.
The legislation will now head to Gov. Jennifer Granholm’s desk for her signature. The governor is expected to sign the bill into law since she called for its swift passage in her State of the State Address in February.
The legislation passed after a battle between Senate Republicans who did not want an option for judicial foreclosure, and the Democratic-controlled House which was pushing for the judicial foreclosure measures, which allows distressed homeowners who qualify for, but are not granted a loan modification, to take their case before a judge. Currently, under Michigan law, a homeowner must prove fraud by the lender in order to seek judicial intervention in a foreclosure. The compromise legislation OK’d by lawmakers include a judicial foreclosure remedy.