A report from RealtyTrac shows the number of foreclosure properties in Michigan dropped 11.5 percent from February to March.
Oakland County Executive L. Brooks Patterson said the number of foreclosed homes is just under 1,100 — about half of what it was this time last year.
Michigan Attorney General Bill Schuette has issued a second criminal investigative subpoena against a national mortgage servicing support provider.
Michigan is among 49 other states to receive a chunk of cash from a landmark $26 billion settlement from five banks for alleged foreclosure abuse.
Charles Brown, 62, said he’s been squatting in his home for about a year. He said he installed windows and doors and uses the fireplace for heat.
Prices in Detroit declined one-half of a percent from August levels.
President Barack Obama will announce new rules on Monday to help homeowners with little or no equity in their homes refinance their mortgages to avoid foreclosures.
Dozens at a Noon rally in downtown Detroit are voicing their demand to Bank of America.
The public is invited to bid in Wayne County’s second annual online auction for foreclosed properties.
In Michigan, foreclosure-related sales accounted for about 41% of all sales in the state during the second quarter.