MI Legislature Amends Sec. 67 of the Condo Act – “Big Developer” Wins Big, While “Average Joe Co-owner” is Left Holding the Bag (Again)

On June 22, 2016, Governor Snyder signed Senate Bill No. 610 into law, amending Section 67 of the Michigan Condominium Act. The Michigan Legislature had a prime opportunity to effect real change in the law to benefit the many thousands of people who live in unfinished condominium projects as a result of The Great Recession. Sadly, the amendments to Section 67 amount to nothing more than another gift to developers in a statute that is already unfairly tilted in favor of “Big Developer” and against “Average Joe Co-owner.”     Read the article……………