Mayor Mike Duggan said the bills allow 20,000 Detroit homeowners the ability to avoid foreclosure and stay in their homes.
The county is in the process of sending roughly 80,000 property owners notice that their property is subject to foreclose.
A bill designed to give some relief to Michigan homeowners in financial duress over delinquent tax bills has cleared a major hurdle.
Just after Memorial Day the city will auction “fourteen houses a week, because we feel like there is enough demand there,” said Duggan.
More than 112 victims of a foreclosure rescue scam in Michigan will be helped after the state attorney general’s office prosecuted a company for making misleading or false statements to homeowners.
Real estate prices continue their dramatic increase in metro Detroit in August, even as sales begin to slow down, according to the Farmington Hills-based real estate information firm Realcomp II Ltd.
The law extends Michigan’s 90-day pre-foreclosure negotiation period through January 10th, when new federal regulations kick in mandating a 120-day period.
Officials at the Masonic Temple want to make it clear that it’s a theater management company that is filing for bankruptcy — not the Detroit landmark.
The state of Michigan and local clergy are urging those facing foreclosure to take advantage of available resources.
The Temple paid $10,000 toward a tax bill Thursday and is expected to pay another $36,000 by early June.