08/04/2026
Urgent Action Requested for Michigan Real Estate Investors
To Our National Real Estate Network Members, Meetup Members, and Facebook Community:
I rarely ask our members to get involved in legislative issues, but today I believe your voice is important.
The Michigan Senate is currently considering House Bills 5152 and 5153, legislation that would significantly affect homeowners facing foreclosure and the real estate investors who often help them avoid losing everything.
While the bills are intended to protect homeowners from unfair practices, many experienced investors believe they could unintentionally eliminate one of the last opportunities distressed homeowners have to avoid foreclosure.
Every year, real estate investors help families by:
Purchasing properties before foreclosure is completed.
Helping homeowners protect their credit.
Providing alternatives to bankruptcy.
Allowing homeowners to preserve equity whenever possible.
Creating solutions when traditional lenders can no longer help.
As these bills are currently written, many of those options could become unavailable because of additional restrictions, mandatory waiting periods, and limitations on agreements between homeowners and investors.
We believe homeowners deserve more choices—not fewer.
The National Real Estate Investors Association (National REIA) has proposed reasonable amendments that would continue protecting homeowners while preserving their ability to voluntarily work with responsible investors.
These proposed changes include:
• Replacing the mandatory waiting period with stronger written disclosures and consumer protections.
• Allowing voluntary surplus assignments while requiring investors to return funds and pay attorney fees if they fail to perform.
These amendments would maintain consumer protections without
removing important options from homeowners facing financial hardship.
Here's How You Can Help
Please take just a few minutes to contact your Michigan State Senator.
Respectfully ask them to:
Oppose House Bills 5152 and 5153 as currently written; or
Support amendments that preserve homeowner choice while maintaining strong consumer protections.
Keep your message respectful, professional, and focused on protecting homeowner options.
Real estate investors are often the last opportunity a family has before losing their home through foreclosure. Removing those options may unintentionally leave foreclosure or bankruptcy as the only remaining paths.
Thank you for taking a few minutes to make your voice heard.
Together, we can support legislation that protects homeowners while preserving responsible solutions.
Mark Maupin
National Real Estate Network
Serving more than 17,000 real estate investors, agents, landlords, contractors, and real estate professionals.
