Borrowers receive anescrow analysis letterwhich is a projection for the next 12 months on how much you will be paying into your escrow account and how much will have to be paid out for property taxes... more
In the wild heyday of mortgage lending, many people were offered two mortgages when buying a house. The first mortgage was a traditional mortgage for 80 percent of the value of the home. But for... more
How to Remove, Eliminate or Strip a 2nd Mortgage Off a House - Part I:
What is a 2nd Mortgage?
A second mortgage or a second lien on real estate is a loan given either at the time of purchase or... more
90-day pre-eviction notice to tenants whose homes have gone into foreclosure.
The rights of tenants to remain in their homes for the terms of their leases. (However, if the new owner will live in the... more
On May 21, 2009, Governor Granholm signed into law an act amending Michigans foreclosure process. Under the old act, ifa homeownerwere behind in their mortgage, the mortgage company would initiate... more