Foreclosures
OFIR Applauds House for Passing Foreclosure Prevention Act
November 19, 2008 Posted by Michigan Real Estate
Legislation would help Michigan homeowners with subprime mortgages avoid foreclosure
LANSING, MI - November 19, 2008 - (RealEstateRama) — Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross today applauded the State House for passing the Michigan Home Foreclosure Prevention Act last night and strongly encouraged the State Senate to act immediately on the […]
Oakland and Macomb Communities Allocated Millions for Neighborhood Stabilization
October 6, 2008 Posted by Michigan Real Estate
Assistance Will Allow Communities to Acquire and Redevelop Foreclosed Properties
Washington D.C. - October 06, 2008 - (RealEstateRama) — The Department of Housing and Urban Development (HUD) announced that Michigan has been allocated a total of $263,563,263 under the Neighborhood Stabilization Program to purchase and redevelop foreclosed properties. With foreclosure rates across the state among the […]
HUD ANNOUNCES DISASTER ASSISTANCE FOR MICHIGAN STORM VICTIMS
July 15, 2008 Posted by Michigan Real Estate
Foreclosure protection offered to displaced families in 11 countiesWASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced HUD will speed federal disaster assistance to 11 storm-ravaged counties in Michigan and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and flooding.
Clarke Calls for Action on Foreclosure Moratorium to Stabilize Property Values, Local Revenue
June 6, 2008 Posted by Michigan Real Estate
Foreclosure crisis driving down property values, decimating local government budgets
LANSING-Today Senator Hansen Clarke (D-Detroit) made the following statement in response to a recent report in the Detroit News about how declining property values in Michigan are hurting local governments:
“It’s a simple fact-homes in foreclosure don’t generate any revenue through property taxes. Also, foreclosed homes lower […]
Moratorium Now: Sen. Clarke Announces New Foreclosure Legislation
May 7, 2008 Posted by Michigan Real Estate
Two-year ‘foreclosure freeze’ will help struggling consumers get back on their feet, keep their homes
LANSING—Senator Hansen Clarke (D-Detroit) was joined today by Rep. Shanelle Jackson (D-Detroit) and homeowners Timothy Jackson, Ruthie Williams, Rev. Steve Bell and Raymond Hintz at a press conference in Detroit to announce new legislation that will establish a two-year freeze on […]
Governor Granholm Signs Legislation to Help Citizens Threatened With Mortgage Foreclosure
April 3, 2008 Posted by Michigan Real Estate
State housing authority and lenders join forces to offer new tools to help families save homes
LANSING - Governor Jennifer M. Granholm today signed legislation aimed at preserving the American dream of homeownership for Michigan families in jeopardy of losing their homes to foreclosure. The governor was joined today by lenders from the Michigan Credit Union […]
Granholm Applauds Senate Action on Bills to Combat Mortgage Foreclosure
March 19, 2008 Posted by Michigan Real Estate
New programs part of “Save the Dream” campaign to protect familiesLANSING, March 6, 2008 - Governor Jennifer M. Granholm today applauded the state Senate for approving bills that will help protect Michigan homeowners facing mortgage foreclosures by offering them new refinancing options.
AG Cox to Host Statewide Foreclosure Forums
February 13, 2008 Posted by Michigan Real Estate
LANSING, February 12, 2008 - Following up on the most widely attended mortgage foreclosure forum in the nation, Attorney General Mike Cox’s office is hosting three more Avoid Foreclosure forums to help at-risk homeowners.
GreenPath and State Representative Meisner Explore Solutions to State Foreclosure Rate Challenges
December 11, 2007 Posted by Michigan Real Estate
FARMINGTON HILLS, Mich., Dec. 10 /PRNewswire-USNewswire/ — Leadership and staff at GreenPath Debt Solutions’ corporate headquarters in Farmington Hills, Michigan, welcomed Representative Andy Meisner (D-Ferndale) today for a meeting, tour, and information session on the state of consumer finances in Michigan.
Can You Get Evicted Because of Your LandLord’s Foreclosure? — Tips for Renters
December 4, 2007 Posted by Michigan Real Estate
67-year old Sharron Shagonaby was looking forward to a quiet Christmas at home - a home she has rented for more than a year, and has never missed a rent payment. Now, thanks to her delinquent landlord, she has just five days to get out - a hidden victim of the foreclosure crisis. What should […]