Upcoming Foreclosures - Michigan Foreclosure Process News

Michigan Foreclosure Process News

Another View: Michigan law is a big help in averting many home foreclosures Tuesday, July 19, 2011 @ 12:36PMThe law which was due to sunset July 5 requires that lenders notify homeowners before initiating the foreclosure process. It also requires that lenders meet with homeowners to try and work something out to avoid the foreclosures that hurt us all.
Unemployed homeowners facing foreclosure may get more time under new federal requirements Thursday, July 7, 2011 @ 1:11PMHomeowners with mortgages backed by the Federal Housing Administration may be eligible for a 12-month forbearance.
County lawsuits say Fannie Mae, Freddie Mac dodge taxes Friday, June 24, 2011 @ 5:47AMIn a new wrinkle to Michigan's foreclosure crisis, two counties say they and the state's public schools lost tens of millions of dollars because home-mortgage lenders -- especially government-backed giants Freddie Mac and Fannie Mae -- have avoided paying the state's property-transfer tax.
Fitch Takes Various Actions on CSFB 2003-C3 Monday, June 20, 2011 @ 11:17AMNEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded six classes of Credit Suisse First Boston Mortgage Securities Corp., series 2003-C3 (CSFB 2003-C3) commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this release. The downgrades reflect Fitch modeled losses of 4.56% of the remaining pool; modeled losses of the original pool are at 3.88 ...
Links 6/17/11 Friday, June 17, 2011 @ 5:11AMCommentary on current economic and financial news.
Foreclosures: Lenders repossessed fewer U.S. homes in May Thursday, June 16, 2011 @ 10:27AMLOS ANGELES -- The number of U.S. homeowners who were put on notice for being behind on their mortgage payments fell in May to the lowest level since 2006, the result of a slowing housing market and lingering delays in banks' foreclosure process.
"Hardest Hit" Program Helps With Foreclosure and Mortgage Worries Friday, June 10, 2011 @ 5:03PMA new program is available to those who are worried about foreclosure, or making their mortgage payments. "Hardest Hit" has brought almost $500 million dollars in federal money to Michigan.
Xetus' Loan Management System Provides Seamless Compliance With New Treasury Mandate for Single Relationship Manager Wednesday, June 8, 2011 @ 1:37PMServicers Begin to Deploy XetusOne's Newly Enhanced LMS to Track Confidential Borrower Information and Stay Ahead of Treasury's New Requirement for Single Point of Contact for Borrowers
Worker finds corpse inside Genesee County Land Bank home Saturday, May 28, 2011 @ 11:06AMAn employee of the Genesee County Land Bank found a dead man inside a property the agency owns Thursday, and police said the death appears to have been a suicide.
Foreclosure Sales Down; Mortgage Rates Dip Again Thursday, May 26, 2011 @ 10:58AMSales of homes in some stage of foreclosure declined in the first quarter of 2011 from a year earlier, but they still accounted for 28 percent of all home sales. Meanwhile, 30-year mortgage rates inched down this week to 4.60 percent, the lowest point of the year.
Sales of foreclosed homes fell in 1Q Thursday, May 26, 2011 @ 8:28AMSales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales — a share nearly six times higher than what it would be in a healthy housing market. Foreclosure sales, which include homes purchased after they received a notice [...]
Foreclosure sales slow, but remain very high Wednesday, May 25, 2011 @ 11:16PMSales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales.
Loop retail vacancies cut in half Tuesday, May 17, 2011 @ 9:40PM2010 vacancy rate of roughly 7 percent is down by half since recession, new report says The Loop retail market is on the mend.
New state program helps fight foreclosure Monday, May 9, 2011 @ 4:54PMForeclosure can be one of the most stressful and painful situations a family goes through
Opposing points of view: Innovative ideas, local commitment can revive Detroit Thursday, May 5, 2011 @ 2:52PMForty-five years ago, Volume 1 of "Emergence and Growth of an Urban Region" -- a.k.a. the Detroit Plan -- was released.
Schuette, Bullard probing mortgage documents Friday, April 29, 2011 @ 11:28PMMichigan Attorney General Bill Schuette announced recently that he is working with Oakland County Register of Deeds Bill Bullard, and other local and federal authorities, to look into questionable mortgage documentation filed with Michigan’s Register of Deeds offices during the current foreclosure crisis.
Foreclosure fight Tuesday, April 26, 2011 @ 11:22PMThe Wayne County Board of Commissioners was supposed to hold a public hearing April 27, on Commissioner Martha Scott 's proposal seeking a moratorium on housing foreclosures in the county.
Suspect mortgage records adding up Tuesday, April 26, 2011 @ 6:02AMThe staff at the Ingham County Register of Deeds office dug up 60 mortgage documents last week that bore the hallmarks of fraud. On Monday, they found dozens more.
Suspected Forged Mortgage Documents Found in Mid-Michigan Thursday, April 21, 2011 @ 7:07PMWe're learning more about a statewide investigation into suspected forged mortgage documents. In the last few days, more than 100 of those documents have been discovered in Mid-Michigan and the investigation continues. One homeowner victimized speaks out.
Does proposed Michigan foreclosure law kick owners out too quickly? Tuesday, April 19, 2011 @ 5:27AMRules, which are set to expire this summer, give six months. New law allows only three.
Lender processing delays hinder foreclosures in opening quarter Friday, April 15, 2011 @ 4:17AMLOS ANGELES — Lender processing delays reduced the number of U.S. homes taken back by banks in the first three months of the year and contributed to a sharp drop in properties entering the foreclosure process.
Foreclosures down 47 percent in Florida due to processing delays Thursday, April 14, 2011 @ 9:57AMNo Summary Available
Foreclosures Continue To Plague Michigan Thursday, April 14, 2011 @ 5:49AMMichigan is still in the top 10 when it comes to home foreclosures.
Jobs scene a little brighter Thursday, April 14, 2011 @ 12:08AMThe state jobless rate dropped month after month last year, and home foreclosures have been trending lower since January, but in both cases it's mostly been an example of bad news looking like good news. In March, both numbers were down again, but at least the unemployment rate dropped for the right reasons.
Detroit had its chance, experts say of census Sunday, April 10, 2011 @ 6:34AMDetroit's census count came in at 713,777. Some estimates had placed it at 800,000. Mayor Dave Bing has said the city will challenge the count. / PAUL SANCYA/Associated Press
Bad Credit: How Payday Lenders Evade Regulation Wednesday, April 6, 2011 @ 4:17PMThe Nation -- Research support for this article was provided by The Investigative Fund at The Nation Institute and by an Alfred Knobler Fellowship. Sam Black woke up one morning not long after retiring to Charleston, South Carolina, with chest pains he didn’t realize would change his life.
Auburn will investigate claims players were paid Monday, April 4, 2011 @ 8:30PMMONTGOMERY, Ala. — Auburn will investigate claims by four former football players, who have told HBO's "Real Sports with Bryant Gumbel" they received thousands of dollars while being recruited by or playing for the Tigers.
New program seeks safe homes for Muskegon, Ottawa county children Monday, April 4, 2011 @ 4:31AMThe idea is to prevent families being broken up in foster by letting parents resolve their problems without the burden of caring for children.
NEWS BRIEFS Wednesday, March 30, 2011 @ 11:24PMLapeer Tea Party Patriots meeting on April 5 read more
Business Digest for March 29 Tuesday, March 29, 2011 @ 7:50AMFree information session for first-time homebuyers; Collection agency prepares for fundraising effort; Commerce Bank sponsors foreclosure workshops; Briar Group pays penalty over alleged data breach; State gas prices dip one cent to $3.46; FDA urges consumers to stop using Soladek vitamin solution
Trying to Save a City, or at Least a Part Friday, March 25, 2011 @ 11:11PMDETROIT -- In a city where residents are still fleeing at a historic rate, there is no shortage of clichéd reminders that this place has been redefined by abandonment: crumbling factories, blocks filled with boarded-up houses, and empty streets overgrown with weeds.
Grand Rapids city leaders weigh neighborhood funding while Congress fiddles with budget Wednesday, March 16, 2011 @ 9:56AMCommunity Development Block Grants could be cut 62.5 percent.
Active Data Technologies Inc. Implements Pilot REO Offer Management Program for Fannie Mae on Homepath.com Tuesday, March 15, 2011 @ 3:00PMHomePath® Online Offers allows buyers and investors to safely and securely submit offers online to purchase Fannie Mae-owned properties in three key housing markets
Foreclosures still high in Dearborn, Heights Tuesday, March 15, 2011 @ 12:09PMDEARBORN/DEARBORN HEIGHTS — The Great Recession may have already hit bottom, but locally, foreclosures are expected to peak over the next year or two, experts say.
Active Data Technologies Inc. Implements Pilot REO Offer Management Program for Fannie Mae on Homepath.com Tuesday, March 15, 2011 @ 9:39AMHomePath® Online Offers allows buyers and investors to safely and securely submit offers online to purchase Fannie Mae-owned properties in three key housing markets (PRWeb March 15, 2011) Read the full story at http://www.prweb.com/releases/fannie_mae_properties/reo_for_sale/prweb8204117.htm
National Foreclosure Activity Slows Sharply In February Thursday, March 10, 2011 @ 10:26AMThe number of homes nationwide receiving a foreclosure-related notice fell to a 36-month low last month, as lenders delayed taking action against homeowners amid heightened scrutiny over banks' handling of home repossessions.
Foreclosure advice: Get help from the right source Thursday, March 10, 2011 @ 9:29AMDEARBORN/ DEARBORN HEIGHTS — In 2007, Christine Sickle would walk through her neighborhood near Penn Vassar Park and wonder about all the homes with notices taped on the front doors.
Dial-A-Ride tax levy up for vote Thursday, March 10, 2011 @ 8:54AMThe Crawford County Board of Commissioners gave the green light last week to start the process for a millage issue that would let Dial-A-Ride busses continue to roll.
Foreclosure notices drop 14% to 36-month low Thursday, March 10, 2011 @ 8:13AMRealtyTrac says 255,101 U.S. properties received foreclosure notices as banks worry about lending scrutiny
Announcement: PiperPartners.com Adds Expert Buyer's Agent to Team of Ann Arbor Real Estate Specialists Monday, March 7, 2011 @ 8:01AMRelocating to Ann Arbor or Washtenaw County, MI? PiperPartners.com at Keller Williams Realty Ann Arbor has added an expert buyer's agent to its team of Ann Arbor real estate specialists to help.
Announcement: PiperPartners.com Adds Expert Buyer's Agent to Team of Ann Arbor Real Estate Specialists Monday, March 7, 2011 @ 2:25AMRelocating to Ann Arbor or Washtenaw County, MI? PiperPartners.com at Keller Williams Realty Ann Arbor has added an expert buyer's agent to its team of Ann Arbor real estate specialists to help. (PRWeb March 07, 2011) Read the full story at http://www.prweb.com/releases/annarborrealestate/buyersagent/prweb5121434.htm
Renovations under way at Ypsilanti's Red Rock Barbecue as opening moves back to summer Friday, March 4, 2011 @ 10:11AMShawn Cool recently exited his still-to-open barbecue restaurant on Michigan Avenue in downtown Ypsilanti and was stopped by a pedestrian. The man said he'd frequented T.C.’s Speakeasy, which used to be occupy the space, and had read a previous AnnArbor.com......
Michigan Foreclosure System Catches Homeowners Off Guard Thursday, February 24, 2011 @ 12:32AMHomeowners claim that banks and loan servicers are pushing through foreclosures, or arbitrarily rejecting or ignoring modification requests
Foreclosure Homes Sold at 28% Discount Last Year as Supply Grew Wednesday, February 23, 2011 @ 11:43PMHomes in the foreclosure process sold at an average 28 percent discount last year and may continue to drive down U.S. housing prices as the supply of distressed properties grows, according to RealtyTrac Inc.
Michigan Foreclosures-by-Advertising Catch Homeowners Off Guard Wednesday, February 23, 2011 @ 11:27PMChuck and Alicia Krantz fell behind on their mortgage payments last year and sought to modify the loan to save their three-bedroom ranch home in Westland, Michigan, just outside Detroit, from foreclosure.
Frederick Civil Litigation Lawyer Roger C. Simmons Receives Martindale-Hubbell(R) AV(R) Preeminent(TM) Peer Review ... Friday, February 18, 2011 @ 8:00AMFrederick civil litigation attorney at Gordon & Simmons, LLC receives the prestigious AV(R) Preeminent(TM) Peer Review Rating(SM) from Martindale-Hubbell(R).
Agency in Ferndale helps working families Friday, February 18, 2011 @ 7:49AMFERNDALE — Low-income families can get help with everything from employment services and financial coaching to benefits with a visit to the Oakland Livingston Human Service Agency’s south office.
Frederick Civil Litigation Lawyer Roger C. Simmons Receives Martindale-Hubbell(R) AV(R) Preeminent(TM) Peer Review ... Friday, February 18, 2011 @ 2:15AMFrederick civil litigation attorney at Gordon & Simmons, LLC receives the prestigious AV(R) Preeminent(TM) Peer Review Rating(SM) from Martindale-Hubbell(R). (PRWeb February 18, 2011) Read the full story at http://www.prweb.com/releases/frederick-md/roger-c-simmons/prweb8141376.htm
Progress: Banking industry changes may be lasting Friday, February 18, 2011 @ 1:59AMOfficials in the banking industry say the economic troubles of the past two years have made consumers more realistic about debt and savings, and created some changes in the industry, and in consumer habits, that may be permanent.
Land sale process questioned Thursday, February 17, 2011 @ 2:30PMRAYMOND - A member of the Raymond Board of Selectmen this week is criticizing the board's recent sale of tax-acquired property, saying the board failed to "maximize" the sale for town taxpayers.