Foreclosures

Foreclosures

State of Michigan Schedules Auctions for Tax-Foreclosed Properties

August 3, 2012 - (RealEstateRama) -- More than 700 properties, in five Lower Michigan counties and seven Northern Michigan counties, will be auctioned off during a State of Michigan Tax-Foreclosed, Real Property Auctions on August 14th and 15th. Registration for interested bidders will begin at 9:00 a.m., each day, with auctions scheduled to begin at 10:00 a.m.

Schuette Praises Governor And Legislature On $97.2 Million Fund To Help Troubled Homeowners

LANSING - July 19, 2012 - (RealEstateRama) -- Attorney General Bill Schuette today praised Governor Rick Snyder and GOP legislative leaders for passing legislation that largely follows his recommendations to strengthen Michigan's economy and bring relief to countless residents struggling with foreclosure. The legislation now heads to Snyder's desk for final approval.

Foreclosure Prevention seminars offered

June 29, 2012 - (RealEstateRama) -- Macomb County MSU Extension will be holding free informational seminars on foreclosure prevention at 10 a.m. on Friday, July 13 and at 1 p.m. on Tuesday, July 24 at the VerKuilen Building, 21885 Dunham Road, Clinton Township, 48036, Assembly Room A -- (enter through door E.) All homeowners are welcome to attend.

U.S. Rep. Peters and local housing experts fight to help underwater homeowners stay in...

Farmington Hills, MI - June 14, 2012 - (RealEstateRama) -- Today U.S. Rep. Gary Peters marked National Homeownership Month by discussing his bill, the Preserving American Homeownership Act, with local housing nonprofits and realtors at a press conference. Peters’ bipartisan legislation would provide a new way for underwater homeowners to avoid foreclosure through principal reduction

Schuette Issues Second Subpoena in Criminal Probe of Mortgage Processors

LANSING, MI - March 13, 2012 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today announced that he has issued a second criminal investigative subpoena against national mortgage servicing support provider DocX as his office continues to investigate questionable mortgage documentation filed with Michigan's Register of Deeds offices during the current foreclosure crisis.

Schuette Joins 40 AGs In Foreclosure Settlement To Help Housing Crisis; Banks To Pay...

LANSING, MI - February 9, 2012 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today announced Michigan will join at least 40 other states in a multi-billion dollar nationwide settlement with five of the nation's largest banks/mortgage servicers in response to allegations of faulty foreclosure processes and poor servicing of mortgages that harmed Michigan homeowners. Schuette said that Michigan residents will receive approximately a half-billion dollars, including a $101 million fund provided directly to the State of Michigan. The settlement is anticipated to be the second-largest financial recovery ever achieved for affected citizens by attorneys general, with the 1998 Master Tobacco Settlement being the largest.

Snyder signs bill package to help homeowners avoid foreclosure

LANSING, MI - December 23, 2011 - (RealEstateRama) -- Gov. Rick Snyder today signed a series of bills that clarify and improve the pre-foreclosure and foreclosure process and will help keep Michigan residents in their homes. This bipartisan legislative package passed both chambers unanimously.

Enrollment Surge in Michigan’s Hardest Hit Fund Helps Reduce Foreclosures

Lansing, MI - August 15, 2011 - (RealEstateRama) -- The Michigan State Housing Development Authority announced today it has received nearly 9,000 applications for foreclosure prevention assistance during the past five months since the launch of a new "Step Forward" publicity campaign. The "Step Forward" awareness effort has helped contribute to a 16 percent decline in Michigan's foreclosure activity in July from the previous month and a 42 percent decrease in foreclosure activity from July 2010, MSHDA officials said.

Federal Court in Michigan Continues to Decline To Reconsider MERS-Related Foreclosures

Reston, VA - July 18, 2011 - (RealEstateRama) -- Another ruling from the U.S. District Court in the Eastern District of Michigan Southern Division declined to reconsider a non-judicial foreclosure initiated by Mortgage Electronic Registration Systems, Inc. (MERS), as mortgagee, underscoring former borrowers’ lack of standing under Michigan law to challenge a foreclosure after the statutory redemption period has expired, further limiting the applicability of the Michigan Court of Appeals’ decision in Residential Funding v. Saurman/Bank of New York Trust v. Messner (“Saurman”).

Schuette Issues Subpoenas in Criminal Probe of Mortgage Processors

LANSING, MI - June 16, 2011 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today announced that he has issued criminal investigative subpoenas against national mortgage servicing support providers in an expansion of his office's investigation into questionable mortgage documentation filed with Michigan's Register of Deeds offices during the current foreclosure crisis.

Schuette Encourages Southeast Michigan Homeowners with Foreclosure Concerns to Attend Free Counseling Event June...

LANSING, MI - June 14, 2011 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today encouraged Southeast Michigan homeowners struggling with foreclosure to attend a June 15th homeowner counseling and lending meeting organized by the United Way for Southeastern Michigan and the Foreclosure Intervention and Neighborhood Stabilization Collaborative (FINSC). The event will provide free counseling services and facilitate lender meetings for homeowners from Wayne, Oakland, Macomb and Washtenaw counties who may be struggling with foreclosure

Schuette Announces Sentence for Mid-Michigan Foreclosure Rescue Scam Case

LANSING, MI - May 5, 2011 - (RealEstateRama) -- Attorney General Bill Schuette today announced the sentencing of a DeWitt man who pled guilty to five felony charges in connection with his role in an illegal advanced fee "foreclosure rescue" operation. Isaac Modert, 28, defrauded four Michigan homeowners with homes in Lansing and Benton Harbor. As a result of Modert's actions, the four victims lost more than $20,000 and one Lansing couple ultimately lost their home to foreclosure.

Schuette, Bullard Probing Questionable Mortgage Documents

LANSING, MI - April 26, 2011 - (RealEstateRama) -- Michigan Attorney General Bill Schuette announced today 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.

Senator Hunter Says Thank You To Bank Of America For New Home Programs For...

LANSING, IN - March 24, 2011 - (RealEstateRama) -- Senate Democratic Floor Leader Tupac A. Hunter (D-Detroit) today lauded Bank of America for their announcement that they would make assistance more readily available to their mortgage customers facing foreclosure, and that they would work with Mayor Dave Bing to help stabilize city neighborhoods.

MSHDA’s Free Foreclosure Prevention Counseling Helps Michigan Homeowners Stay in Homes

LANSING, MI - December 27, 2010 - (RealEstateRama) -- A recently released report shows homeownership counseling networks in Michigan and nationwide are bringing significant relief to over a million families struggling to avoid foreclosure, Michigan State Housing Development Authority (MSHDA) Executive Director Gary Heidel announced today. MSHDA is part of a national effort through the National Foreclosure Mitigation Counseling (NFMC) program bringing major counseling assistance to over a million families.

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New shorelands program helps waterfront homeowners improve shorelines, inland lakes

The Michigan Natural Shoreline Partnership recently launched a program to help lakefront homeowners understand best practices to protect their shoreland and inland lakes. The Michigan Shoreland Stewards Program will recognize inland lake property owners who are using healthy property management practices to protect their inland lake and offer tips to improve the shoreline further.

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Senator Stabenow Introduces Bipartisan Bill to Protect Michigan Land and Water...

U.S. Senator Debbie Stabenow (D-Mich.), Ranking Member of the Senate Committee on Agriculture, Nutrition and Forestry joined her Agriculture Committee colleague U.S. Senator Joni Ernst (R-Iowa) to strengthen the Regional Conservation Partnership Program (RCPP) – an innovative approach to conservation authored by Senator Stabenow in the 2014 Farm Bill.