Introduced
by
To create a Michigan Land Bank and Community Development Authority which would create a new state land bank authority, a metropolitan land bank authority in Detroit, and in some cases allow two or more counties or a county and local governments establish an authority. The authority would assemble or dispose of tax reverted property in a coordinated manner, and establish procedures to acquire and gain clear title to the tax reverted properties. The bill proposes an expedited quiet title and foreclosure process that a land bank could use, in which it could file a single petition in circuit court listing all property subject to expedited foreclosure for which the land bank sought to quiet title. See also House Bills 4851 to 4853, and 5451.
Referred to the Committee on Land Use and Environment
Substitute offered
To replace the previous version of the bill with on which adds more rigorous procedures for notifying property owners that they may lose title to their tax reverted property.
The substitute passed by voice vote
Amendment offered
by
To require one of the persons appointed to the state land bank authority to be someone approved by the mayor of Detroit.
The amendment passed by voice vote
Amendment offered
by
To remove a provision which explicitly authorizes a land bank authority to enter into a contract to perform title searches.
The amendment passed by voice vote
Amendment offered
by
To require one of the persons appointed to the Detroit land bank authority to be someone approved by the governor.
The amendment passed by voice vote
Amendment offered
by
To remove a requirement that the persons appointed to the Detroit land bank authority be residents of the city.
The amendment passed by voice vote
Passed in the House 96 to 1 (details)
To create a Michigan Land Bank and Community Development Authority which would create a new state land bank authority, a metropolitan land bank authority in Detroit, and in some cases allow two or more counties or a county and local governments establish an authority. The authority would assemble or dispose of tax reverted property in a coordinated manner, and establish procedures to acquire and gain clear title to the tax reverted properties. The bill proposes an expedited quiet title and foreclosure process that a land bank could use, in which it could file a single petition in circuit court listing all property subject to expedited foreclosure for which the land bank sought to quiet title. See also House Bills 4851 to 4853, and 5451.
