Strategic Default 2.0
Jan 14, 2011
The term "strategic default" has been tossed around by the media and personal finance experts recently. It can mean anything from just packing up and moving to a new house while your credit is still g...
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Debts For The Unpaid Mortgage Balance After Short Sale Or Foreclosure
Oct 15, 2010
A question that I have heard a lot recently is, "Can lenders collect deficiencies after a short sale or foreclosure in Michigan?" This simple answer is, yes. Of course, nothing in this area of law is e...
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Why You Might Not Want Your Mortgage Debt Forgiven
Oct 15, 2010
Listening to many foreclosure consultants and real estate agents, is seems that the ultimate goal when dealing with any house that cannot be saved is to walk away with the debt forgiven. This sounds go...
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Tenants’ Rights And Foreclosed Homes
Oct 15, 2010
Tenants Rights Foreclosed Homes
As foreclosures have continued in record number across Michigan, it has become common for renters to find that the house they have leased is now owned by a bank. Until...
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Michigan Foreclosure Overview
Oct 13, 2010
In Michigan, the foreclosure process starts with a letter giving the home owner notice that they have 14 days from the date of the letter to request a meeting for loan modification. It is important to...
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