The House Financial Services Committee passed a package of foreclosure bills that will set Michigan back decades in its efforts to prevent foreclosures and the damage they cause to families, neighborhoods, communities and our still fragile economy, the Detroit Free Press reports.

Together, HB 4765, HB4766, SB 380 and SB383 dismantle what has proven for years to be a fair, well-balanced and effective foreclosure policy and process. This package hurts homeowners on the front end of that process by repealing Michigan’s pre-foreclosure negotiation law and on the back end by making it possible for banks to eliminate Michigan’s longstanding 6-month redemption period if they decide a homeowner’s property is merely in need of repair.