Former American Motors Complex In Detroit Sells For Paltry $600More than $1 million in taxes was owed when the property foreclosed.
Report: About 8,000 Homes In Wayne County Foreclosure Auction Are Presently OccupiedAn upcoming tax foreclosure auction in Wayne County is sparking fears of mass evictions after a published report revealed that thousands of the homes are presently occupied.
Lawyer Pleads Guilty In Mortgage Assistance Fraud Case, Faces 20 Years In PrisonA lawyer accused of stealing hundreds of thousands of dollars from Michigan residents who were facing mortgage foreclosures is facing prison time and hefty restitution after pleaded guilty in the case.
Quicken Loans Founder: Company Not To Blame For Detroit BlightQuicken 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.
Report Details How Subprime Lending, Foreclosures Hurt DetroitMore than half of mortgage foreclosures in the last 10 years are now blighted or abandoned.
Foreclosures Undermining Detroit's ComebackThere'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.
Local Congressman To Introduce Bill To Halt Foreclosures 13th District U.S. Representative Hansen Clarke will introduce legislation this week that would place a moratorium on home foreclosures.
Michigan Expects To Get $790M In Foreclosure DealMichigan says it expects to get $790 million as part of a landmark $25 billion settlement with the nation's top mortgage lenders.
Wayne County Wants To Make Some Renters Home OwnersWayne 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.
HUD: 101-Year-Old Can't Return To Home Due To Building's Poor ConditionTexana 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.
Report: More Rebuying Foreclosures To Escape DebtA published report says more Detroit homeowners and landlords are escaping property tax debts by rebuying their foreclosed properties at auction.
Detroit Town Hall Meeting Addresses Home ForeclosuresA 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.