Press Releases
| Foreclosures |
Governor Signs Foreclosure Package: Bills would give additional time for homeowners facing foreclosure to work with lenders
May 26, 2009 Posted by Michigan RealEstateRama
May 26, 2009 - (RealEstateRama) — Legislation to give homeowners on who are on the brink of losing their home a 90-day period to work out a payment plan with their lending institution has been signed by the Governor. House Bills 4453-4455, now Public Acts 29, 30, and 31 of 2009, would allow consumers who are on the brink of foreclosure a 90-day period to attempt a loan modification plan.
Governor Signs Legislation to Help Homeowners Facing Foreclosure Stay in Their Homes
May 22, 2009 Posted by Michigan RealEstateRama
Homeowners, lenders will have extra time to work out new deal. LANSING, MI - May 21, 2009 - (RealEstateRama) — Governor Jennifer M. Granholm has signed legislation that helps protect homeowners from foreclosure by providing an extra 90 days for them to work with their lender on modifying their mortgage loan.
Senate approves conference committee reports to help Michigan residents save homes from foreclosure
May 20, 2009 Posted by Michigan RealEstateRama
LANSING, MI - May 20, 2009 - (RealEstateRama) — The Senate today unanimously approved conference committee reports to help save more homes in Michigan from foreclosure by encouraging greater communication between lenders and homeowners, said Randy Richardville, the Senate’s lead member of the conference committee.
House Passes Mortgage Reform to Fight Predatory Lending and Curb Foreclosures
May 12, 2009 Posted by Michigan RealEstateRama
Washington D.C. - May 12, 2009 - (RealEstateRama) —The U.S. House of Representatives today voted 300-114 in favor of H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act, bipartisan legislation aimed at protecting homebuyers from predatory lending that has led to the recent mortgage crisis across the country.
Senate Floor Statement on S. 896, Helping Families Save Their Homes Act of 2009
May 12, 2009 Posted by Michigan RealEstateRama
May 12, 2009 - (RealEstateRama) — The foreclosure situation in my state of Michigan continues to be dire. According to data released by real estate firm RealtyTrac, even though there are less foreclosure filings than this time last year, there were still over 11,000 Michigan foreclosure filings in January 2009 alone. That’s one foreclosure filing for every 397 households IN JUST ONE MONTH, which puts Michigan’s foreclosure rate at the seventh highest in the nation. Nationwide, foreclosure filings are up 18% compared to this time last year.
Sen. Richardvilles monthly cable show offers tips on avoiding foreclosure
April 30, 2009 Posted by Michigan RealEstateRama
LANSING, MI - April 30, 2009 - (RealEstateRama) — Sen. Randy Richardville’s monthly cable show, The Richardville Report, will premiere on Monday, May 4 at 7:30 p.m. with tips for residents on how to avoid foreclosure.
Sen. Richardville to serve on foreclosure conference committee
April 27, 2009 Posted by Michigan RealEstateRama
LANSING, MI - April 27, 2009 - (RealEstateRama) — Sen. Randy Richardville has been appointed to serve on a joint Senate and House conference committee regarding legislation that would help Michigan homeowners who are facing foreclosure.
Warren Receives $250,000 Grant to Fight Effects of Foreclosures
April 8, 2009 Posted by Michigan RealEstateRama
WARREN - April 08, 2009 - (RealEstateRama) — Attorney General Mike Cox today announced that the City of Warren will receive a $250,000 grant to help fight the devastating effects of the home foreclosure crisis. The grant comes as a result of a settlement with Countrywide Financial that also provides $6.7 million in direct payments to nearly 3,700 former Michigan Countrywide customers who lost their homes to foreclosure under certain circumstances.
Michigan Senate’s altered foreclosure bills good for CUs
April 1, 2009 Posted by Michigan RealEstateRama
LANSING, MI - April 01, 2009 - (RealEstateRama) — A Michigan State Senate panel has presented three foreclosure prevention bills that removed a provision that allowed consumers or borrowers trying to rework their mortgage to take their case to court if a lender wasn’t cooperating with loan modification.
State Senate Committee Moves Foreclosure Legislation
April 1, 2009 Posted by Michigan RealEstateRama
April 01, 2009 - (RealEstateRama) — Legislation to give homeowners on who are on the brink of losing their home a 90-day period to work out a payment plan with their lending institution passed the Senate Banking and Financial Institutions Committee last week. House Bills 4453-4455 would allow consumers who are on the brink of foreclosure a 90-day period to attempt a loan modification plan.
DSHA Launches “Step-Up” Housing Program to Combat Homelessness
March 12, 2009 Posted by Michigan RealEstateRama
March 12, 2009 - (RealEstateRama) — Delaware State Housing Authority (DSHA) is pleased to announce the January, 2008 launch of “Step-Up”, a three-year rental assistance pilot program which will assist emancipated youth exiting the foster care system who are at risk of homelessness and individuals with mental health and/or substance abuse conditions who are chronically homeless or at risk for chronic homelessness.
Richardville makes home foreclosure prevention priority for Senate banking committee
February 13, 2009 Posted by Michigan RealEstateRama
LANSING - February 13, 2009 - (RealEstateRama) — Sen. Randy Richardville, chair of the Senate Banking and Financial Institutions Committee, emphasized his commitment to addressing the home foreclosure crisis in Michigan Wednesday as the committee held its first meeting of the legislative term
OFIR Applauds House for Passing Foreclosure Prevention Act
November 19, 2008 Posted by Michigan RealEstateRama
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 RealEstateRama
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 RealEstateRama
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.
