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Michigan Foreclosures News

President Obama Announces Richard Cordray as Director of the Consumer Financial Protection BureauSunday, July 17, 2011 @ 4:16PMWASHINGTON – President Barack Obama will announce his intent to nominate Richard Cordray as the Director of the Consumer Financial Protection Bureau (CFPB). He will make the announcement at an event tomorrow at the White House.

Foreclosure sale rate soars to 232 percent in Genesee County in June 2011Saturday, July 16, 2011 @ 8:21AMForeclosed homes are the hot ticket on the Genesee County real estate market — sales have soared 232 percent since June 2010.

Cuts would hamper free legal servicesSaturday, July 16, 2011 @ 5:34AMST. JOSEPH - Proposed cuts in federal funding could hurt services offered by Legal Aid of Western Michigan, Deputy Director Mary Drolet said Thursday.

Good news for real estate market along West Michigan's LakeshoreSaturday, July 16, 2011 @ 5:26AMSee why Realtors are excited despite drop in number of sales.

Weekly Bull/Bear Recap: July 11-15, 2011Friday, July 15, 2011 @ 4:07PMFrom Rodrigo Serrano of RCS Investments Weekly Bull/Bear Recap: July 11-15, 2011 Bull + Earnings reports are coming in and have been encouraging thus far. Google shines  blowing past Wall Street’s expectations on higher online advertising demand. Citigroup reports much better than expected earnings on improved investment-banking performance as did  JP Morgan .  Mattel’s results  also make the ...

Number of homes taken back fall 30 percent over same period in 2010Thursday, July 14, 2011 @ 9:16AMLOS ANGELES (AP) - The number of homes taken back by lenders in the first half of this year fell 30 percent compared with the same 2010 period, the result of delays in foreclosure processing that threaten to stall a U.S. housing recovery.

Charting the market: Foreclosure statistics fall locallyThursday, July 14, 2011 @ 9:09AMForeclosures in the Washington region have fallen 44 percent in the past year, which is great news. From June 2010 to May 2011, about 38,000 area homes were in the foreclosure process, compared to 68,000 during the previous 12 months. Does this mean fewer homeowners are in trouble? That's part ...

MI Still In Top 10 States With Worst Foreclosure RatesThursday, July 14, 2011 @ 7:32AMThe state of Michigan continues to be plagued by foreclosures. A recent report on foreclosures ranks Michigan seventh on a list of the top state foreclosure rates.

Slower foreclosure activity in first half of 2011 could stall recoveryThursday, July 14, 2011 @ 6:25AMThe number of homes taken back by lenders in the first half of this year fell 30 percent compared with the same 2010 period, the result of delays in foreclosure processing