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 the property value of nearby homes and the entire community. more »
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KALAMAZOO, Mich. - The Michigan Department of Agriculture (MDA) and Michigan State University (MSU) today applauded Elzinga & Hoeksema Greenhouses for taking the lead in environmental responsibility by becoming Michigan’s first greenhouse operation to become verified by the Michigan Agriculture Environmental Assurance Program (MAEAP). more »
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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 all mortgage and tax foreclosures in Michigan. more »
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The Michigan Public Service Commission (MPSC) today released three Requests for Proposal (RFP). The RFPs are for low-income energy assistance grants, low-income energy efficiency grants, and Michigan energy efficiency grants for all customer classes. The grants are funded by the Low Income and Energy Efficiency Fund (LIEEF). more »
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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 League, the Michigan Bankers Association, and sponsoring legislators from across the state for bill signings in Grand Rapids, Jackson, and Detroit. more »
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Agency strongly supports Tobocman bill requiring consumer disclosures for tax refund loans
LANSING, March 14, 2008 – With the April 15th Tax Day deadline for filing income taxes one month away, Office of Financial and Insurance Services (OFIS) Commissioner Ken Ross urged Michigan consumers to think twice before they agree to a refund anticipation loan (RAL) also known as “tax refund loans” or “instant loans.” more »
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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. more »
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There’s a common saying in the real estate industry regarding the vast number of agents in the business: “If you don’t have any friends who are agents, then you probably don’t have any friends at all.“With so many agents out there, how can you make an intelligent decision? Do you choose a friend, neighbor or coworker? Should you work with an agent at a large firm, a small firm, a franchise or an independent? more »
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February 19, 2008. The Department of Natural Resources, together with the DTE Energy Foundation, and the USDA Forest Service, State and Private Forestry, today announced the start of the 2008 Restoration Of Our Trees (ROOT) program. The ROOT program will assist residents in southeast Michigan’s 21 Emerald Ash Borer (EAB) quarantined counties in replanting trees lost to EAB. more »
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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. more »
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