Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.
Five non-profit organizations have received federal funds to help make payments on behalf of Detroit residents behind on their mortgage.
The iconic twin apartment buildings in downtown Detroit known as the Lafayette Towers are in foreclosure.
Instead of letting them go to waste in the foreclosure crisis, Habitat Oakland and partners will rehabilitate 6 vacant homes in Southfield for families who could not otherwise afford their own.
A report from RealtyTrac shows the number of foreclosure properties in Michigan dropped 11.5 percent from February to March.
Texana Hollis, who was evicted seven months ago, returned Wednesday to the home she had lived in for 60 years.
A 101-year-old Detroit woman who was forced to leave her home due to foreclosure will be back in that home in a few weeks.
A new report that details the impact of the foreclosure crisis on the state of Michigan has been released by researchers at Grand Valley State University.
Michigan says it expects to get $790 million as part of a landmark $25 billion settlement with the nation’s top mortgage lenders.
The settlement comes in response to allegations of faulty foreclosure processes that affected thousands of Michigan homeowners.