Archives

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.

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.

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.

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

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.

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.

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.

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.

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”).

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.

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

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.

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.

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.

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.