Quicken Loans founder Dan Gilbert says the number of foreclosures on the company’s loans for Detroit homes reflects the large volume of investments made in the city.
More than half of mortgage foreclosures in the last 10 years are now blighted or abandoned.
There’s another crisis in Detroit that is undermining the city’s comeback. According to one local attorney, it’s the home foreclosure crisis still weighing the city down.
13th District U.S. Representative Hansen Clarke will introduce legislation this week that would place a moratorium on home foreclosures.
Michigan says it expects to get $790 million as part of a landmark $25 billion settlement with the nation’s top mortgage lenders.
Wayne County Treasurer Ray Wojtowicz says his office will go door to door to make home ownership offers to renters who are living in homes that are behind in their taxes.
Texana Hollis was evicted Sept. 12 after her 65-year-old son failed to pay the mortgage. Two days later, the U.S. Department of Housing and Urban Development said she could return.
A published report says more Detroit homeowners and landlords are escaping property tax debts by rebuying their foreclosed properties at auction.
A distinguished panel of experts are gathering in Metro Detroit on Saturday for a free public town hall meeting to help those who are facing foreclosure.
A group of faith leaders gathered in front of a vacant home on Detroit’s west side to call on lenders to work with families to keep them in their homes, rather than foreclosing.