Topic: Michigan

Bank repossessions drive up July foreclosures

NEW YORK (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 ...
Michigan gets $223.9M million to tear down blighted buildings, revitalize neighborhoodsThe 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 U.S. Department of ...
Cytec falls; Goldman recommends selling on 'bleak' industry outlook; uncertain Europe economyCalifornia'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 Center on ...

How Long Does Foreclosure Take?

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 ...
Cycle of rising unemployment, foreclosures and bankruptcies raising economic stressCalifornia, Michigan and South Carolina suffered the most financial pain in May as unemployment, home foreclosures and bankruptcies rose, according to The Associated Press' monthly analysis of economic stress in more than 3,100 ...
Sheriffs, state governments move to help renters who are innocent victims of foreclosureTita 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 ...
Michigan Democrats file lawsuit against Macomb County Republicans in foreclosure disputeDemocrats in Michigan are trying to block what they call a Republican effort to deny voting rights to people facing foreclosure. Barack Obama's presidential campaign, the Democratic National Committee and several voters ...