Lenders who were hoping the 90-day postponement on many foreclosure by advertisements would come to an end December 31, 2012 will have to wait another 6 months.
In 2009 the Legislature created a 90-day moratorium on foreclosure by advertisement to provide borrowers a chance to negotiate a loan modification with their lenders if the property was their principal residence. Given the apparent stabilizing of the housing market, this program was set to end December 31, 2012. However on December 12, Senate Bill 1172 was passed by both the House and the Senate- extending the 90-day moratorium on Foreclosure by Advertisement through June 30, 2013.
For more information, see the Legislative analysis here:
http://www.legislature.mi.gov/documents/2011-2012/billanalysis/Senate/pdf/2011-SFA-1172-B.pdf
Purpose Driven General Counsel 
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Brian Linnekens
Hi- I live in Massachusetts. And I was wondering if the foreclosure by advertisement 90 day moratorium extended to June 30, 2013, is just in the state of Michigan? Does it apply to other states that are foreclosure by advertisement? Thank you- Sincerely, Karen Robinson-Roach
I just posted a comment.I hope that you can answer it, please. Thanks-Karen Robinson-Roach
Karen,
This is a Michigan statute, so it only applies to the State of Michigan. I believe the Massachusetts legislature, like many other states, has at times proposed laws similiar to Michigan, but I am uncertain as to the current state of the law in Massachusetts.
Thank you