2012 may see a huge increase in home foreclosures in Michigan
Home foreclosures in Michigan are expected to increase in 2012. The pace of foreclosure filings slowed in 2011 as mortgage lenders had to deal with new rules and lawsuits. Daren Bloomquist is...
View ArticleMichigan expects to get $790M in foreclosure deal
Michigan says it expects to get $790 million as part of a landmark $25 billion settlement with the nation's top mortgage lenders.The office of Michigan's attorney general announced Thursday that the...
View ArticleMichigan's home foreclosure rate improving
Home foreclosure filings in Michigan continued to slide last month. Realty Trac reports one in every 354 Michigan homes were in the foreclosure process in January. That’s a 23% improvement over...
View ArticleMore Michigan mortgage lenders turning to 'short sales' to avoid home...
A surge in so-called ‘short sales’ is helping reduce the number of Michigan home falling into foreclosure.It’s a trend that may eventually help Michigan’s struggling real estate...
View ArticleMichigan's home foreclosure crisis easing
Michigan’s home foreclosure rate continued to fall in February.Realty Trac reports today that one in every 433 Michigan homes had a foreclosure notice filed against it in February.That was an...
View ArticleIn this morning's news headlines...
Detroit leaders not consenting to Snyder's consent decree planOn Tuesday, Gov. Snyder and state treasurer Andy Dillon put forward a plan to rescue Detroit's finances. Almost immediately the plan was...
View ArticleHome foreclosures declining in Michigan
Realty Trac is reporting today that Michigan’s home foreclosure rate is improving.Foreclosure filings were down nearly 20% during the first three months of the year compared to the fourth quarter of...
View ArticleMichigan's home foreclosure rate trends lower
Michigan’s falling home foreclosure rate reached a milestone last month. But one analyst expects the second half of the year will see an uptick in homes being repossessed by banks.
View ArticleACLU sues Morgan Stanley on behalf of 5 Detroit homeowners
The American Civil Liberties Union, the National Consumer Law Center and others have sued investment bank giant Morgan Stanley on behalf of five black Detroit homeowners.
View ArticleReport: Detroit's home foreclosure rate is moving down
Detroit’s home foreclosure rates are dropping.Realty Trac reports Detroit now has the 39th highest home foreclosure rate in the country. That's a big change from a few years ago, when Detroit routinely...
View Article8,000 Genesee County properties head to foreclosure
FLINT, Mich. (AP) - With just three months remaining before winter tax payments are due and with about 8,000 parcels rolling toward tax foreclosure in April, Genesee County treasury officials are...
View ArticlePre-foreclosed homes selling briskly in Michigan
Michigan continues to see homes in the foreclosure process selling at a brisk rate.About 24% of the homes sold in Michigan during the third quarter of the year (July-September) were in some stage of...
View ArticleMichigan grants available for first-time homebuyers, refinancing too
First time homebuyers may be eligible for up to $5,000 in state grants. The grants are part of a settlement against the five largest mortgage servicers.
View ArticleMichigan's home foreclosure rate has "plummented" during the past two years
Michigan’s home foreclosure rate has "plummeted" during the past 24 months, according to a new report.According to Realty Trac, home foreclosure activity in Michigan dropped about 23% last year...
View ArticleMichigan's home foreclosure rate closer to national average
Michigan is close to ending its role as a leader in home foreclosures.At one time the state had the highest foreclosure rate in the country.But after 27 straight months of declines, Michigan’s...
View ArticleSeveral local cities rank high on a list of the best places to rent out...
A new report finds three regional cities are good places to buy and rent out single family homes.A new Realty Trac survey lists Detroit, Saginaw and Toledo among the 20 best markets in the country to...
View ArticleThere is growing optimism in Michigan's home building industry
Michigan’s home builders are optimistic about the year ahead.The recession walloped Michigan’s home building industry. Many builders went out of business. Others merged and focused on home...
View ArticleMichigan's home foreclosure rate closer to the national average
Michigan’s home foreclosure rate is no longer among the nation’s worst.Realty Trac reports Michigan ranked 16th in the nation in home foreclosures in March. That is a far cry from a few years ago when...
View ArticleFraudulent loan activity declines in Michigan
Fraudulent loan activity declined slightly in Michigan at the end of last year.Kroll Factual Data checks loan applications for phony buyers, attempts to misrepresent the value of homes and other...
View ArticleMore Michigan mortgage lenders turning to 'short sales' to avoid home...
A surge in so-called ‘short sales’ is helping reduce the number of Michigan home falling into foreclosure.
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