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Lenders Promise Foreclosure Help to Mayors

At the U.S. Conference of Mayors held in Detroit on Tuesday, 11/27, lenders promised mayors to donate $100 for every property in foreclosure to fund credit counseling hotlines. Additionally, the Mortgage Bankers Association committed to assemble a database Read More...

Posted 29 November 07 04:21 by Debra Drummond | MichiganMoves | 0 Comments   
Filed under Michigan, Detroit Free Press, foreclosure, Detroit, Department of Housing and Urban Development, MSHDA, HUD, foreclosure help, U.S. Conference of Mayors, foreclosure hotline, Detroit Home Ownership Preservation Enterprise

Subprime Mess Hurts Everyone

How bad is the local housing market? Unbelievable, but one in every 33 homes in the Detroit/Livonia/Dearborn is in foreclosure according to RealtyTrac.com , a leading online marketplace for foreclosures properties. Second only to Stockton, California, Read More...

Posted 27 November 07 08:09 by Debra Drummond | MichiganMoves | 0 Comments   
Filed under Real Estate, Detroit Free Press, foreclosure, Livonia, Stockton, RealtyTrac.com, California, Dearborn, subprime fallout, Detroit

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