News on Michigan

More Ohioans miss home payments

2010-11-29T14:33:39Z

...

Bad economy presents wonderful opportunities

2010-11-03T03:31:50Z

...

Buy to Let property

2010-11-03T03:39:27Z

...

Upside Down Home Loans - How to Save An Underwater Mortgage With Debt Forgiveness Programs

2010-11-02T18:00:39Z

...

Officials call for halting some Mich. foreclosures

2010-10-07T05:30:22Z

Congressional members, others call for halting some Mich. foreclosures until questions settled

Michigan should join the list of states where mortgage companies are freezing home foreclosures, two Detroit congressional members and a gubernatorial candidate said Wednesday.

Three major banks — Ally Financial Inc.'s Reuters) - More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace.

Banks repossessed the second highest monthly number of homes ever last month, working through distressed loans already on their books rather than sharply stepping up new default notices, real estate data company Michigan gets $223.9M million to tear down blighted buildings, revitalize neighborhoods

The federal government awarded Michigan $223.9 million on Thursday to help tear down blighted buildings and revitalize neighborhoods in a dozen cities including Detroit, Grand Rapids and Flint.

The Cytec falls; Goldman recommends selling on 'bleak' industry outlook; uncertain Europe economy

California's ongoing fiscal crisis has attracted national attention, but a study warns that nine other states are barreling toward similar economic disaster.

A report released Wednesday by the Pew...

How Long Does Foreclosure Take?

2010-09-08T22:05:30Z

In Foreclosure

Power of Sale Foreclosure vs. Judicial Foreclosure, how fast can the bank foreclose?

First of all, most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments. Although missing a single payment is a default under the terms of most loan documents, lenders have neither the time nor the desire to foreclose on borrowers who have missed one payment. The process will be initiated when it becomes clear that the de...

AP analysis: Economic stress up in much of nation

2010-06-15T09:38:15Z

Cycle of rising unemployment, foreclosures and bankruptcies raising economic stress

California, Michigan and South Carolina suffered the most financial pain in May as unemployment, home foreclosures and bankruptcies rose, according to The A...

Renters in foreclosed homes get help

2010-06-15T09:53:25Z

Sheriffs, state governments move to help renters who are innocent victims of foreclosure

Tita Mendoza and her husband moved into their Miami Beach condo in June and have been dutifully paying the $1,800 rent on time every month. And yet, they could be evicted any day now.

Last month, the Mendozas were served with court papers notifying them that their landlord was being foreclosed on, meaning the couple c...

Political Impact of Foreclosure on our Nation

2010-10-06T02:22:51Z

When facing the possibility of foreclosure on your home, the last thing you are probably considering is your voting rights. All of us would agree that the upcoming election in November of 2008 is a very important election for the history of America. Our economy is in a crisis; our financial institutions are in a crisis; and Wall Street just dropped 777 points in one day.

People are positioning themselves to be able to vote in this upcoming election, but there is a large group that c...

Michigan Dems file lawsuit against Macomb Co. GOP

2010-06-15T09:59:25Z

Michigan Democrats file lawsuit against Macomb County Republicans in foreclosure dispute

Democrats in Michigan are trying to block what they call a Republican effort to deny voting rights to people facing foreclosure.

Barack Obama...

Foreclosure: What is It? and How to Avoid it

2010-09-10T16:30:09Z

Copyright (c) 2008 Troy Foote

To understand the foreclosure process one must know what it is first. So what is the definition of foreclosure? Simply put, the foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".

Within the United S...

Foreclosures Hit Record High

2010-10-26T20:42:33Z

...

This is Not the Time for Investors to Be Catching Falling Knives

2010-10-19T09:59:08Z

...

Dolan Media: Only The Professional Services Segment Should Have Made The IPO

2010-10-15T09:29:56Z

...

Gator Bowl Football

2011-01-01T14:01:10Z

Mississippi State running back Vick Ballard (28) scores on a one-yard run during the first half of the Gator Bowl NCAA college football game against

NEW YEARS EVE

2010-12-31T22:31:08Z

Kelsey Kraft, foreground left, and her boyfriend Matt Burchill, right, both from Detroit, Michigan, share a kiss as they celebrate the new year shortly after midnight in New York's Times Squar...

Inaugurations Dimming The Glitz

2010-12-31T14:00:21Z

In this Wednesday, Dec. 29, 2010, photo at the state Capitol in Lansing, Mich., Carlos Ramirez prepares the stage which will be used for inauguration ceremonies. In better days, newly elected governors were welcomed into office with star-studded galas, serenades by rock bands, even an Boston Celtics forward Kevin Garnett, center, bends over after injuring his right leg during the first quarter of an NBA basketball game against the Detroit Pistons in Auburn...

Food and Farm Bees Weed

2010-12-20T00:31:22Z

In this Dec. 11, 2010 photo, beekeeper Terry Klein, 70, of TM Klein and Sons Honey, holds a honeybee from one of the hives he keeps on his property in St. Charles, Mich. Klein is one of many Michigan beekeepers worried that efforts to combat an invasive plant that is crowding out native vegetation could leave them without a key source of nectar and...