Detroit has seen ups and downs during the last forty years. At one time it was proud to have the highest figures as regards house ownership in the entire country. Today it topped the ranks of foreclosure offenders in 2007.
This has aggravated its woes. About 5% of all the houses in Detroit was [...]

Although the county is not seeing the same number of foreclosures as elsewhere the rate, when compared to last five years in this region, is high. The panacea seems to be a lower interest rates coupled with foreclosure prevention counseling action. The rates rose when the sub-prime mortgage was introduced and loans on house equity [...]

In the Michigan real estate business the top option by many home buyers is to go in for Michigan foreclosed homes. This is based on sound reasoning that the Michigan foreclosure process is caused by many eventualities, namely bankruptcy, financial strain, death of house owner or shifting of residence to another place and the [...]

Attorney Pray dealing with consumer cases focusing on bankruptcy opines that after having read an article on foreclosures he is at one with the columnist Paul Wenske (MoneyWise September 16th). If it becomes absolutely impossible to keep the house then the homeowner must open talks with lenders and negotiate about selling it via a realtor [...]

Foreclosures are hitting the headlines leading to a feeling of panic everywhere. Will I be the next victim? At this juncture it is vital to know what it is all about. By focusing on one region it is possible to gauge the general trend.
In New Hampshire foreclosures are on the rise. A lender uses the [...]

In five years no foreclosed house has fetched such a handsome price. In Hunting Hills a sprawling mansion has brought in $870,000 for the lender who took possession of it from one William Crick, in a foreclosure sale – a record for Roanoke region in five years. The average value of this type of property [...]

Borrowers took loans to buy a house and make it into a homeBut unwittingly they got into a financial snarl which is compelling thousands and thousands to abandon their hearth and home. It is a foreclosure crisis of jumbo proportions.
The sub-prime loans were an outrage – an insult to those with weak credit. Today [...]

A disproportionate tax bill is a blow from an unexpected quarter for one who has failed to meet mortgage dues. Yet the bill accuses the person of having made an extra earning! This is unbelievable but true in Michigan and other parts of the country.
Those who negotiate with the bank for some unusual refinancing scheme [...]