Still, at a reception Friday at the Toledo Club to mark the court's 30th year, Judge C. Allen McConnell said his job is at times frustrating. Things intensified in 2008, he said, when the housing market collapsed and the foreclosure rate soared.
Loans are often secured by the fee title to real property owned by the borrower. But loans can also be secured by the borrower's leasehold interest in property. Foreclosure News
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Joseph Bates, 48, stands in front of the Southwest Detroit home his great-great-grandparents bought in 1907. The home had been in his family until it was foreclosed due to unpaid tax bills. Foreclosure News
The Democrat announced Monday that his office will host a free seminar July 19 for homeowners battling foreclosure. The gathering at Borough Hall, featuring housing counselors and financial advisers, is in response to a recent PropertyShark report that found the number of dwellings repossessed by banks shot up 16% in 2018. Foreclosure News
As she was getting on in years and her resources dwindled, Virginia Rayford took out a special kind of mortgage in 2008 that she hoped would help her stay in her three-bedroom Washington rowhouse for the rest of her life. Rayford, 92, took advantage of a federally insured loan called a reverse mortgage that allows…
Minneapolis attorney William Butler faces two felony counts of failing to file his state income taxes in 2013 and 2014. Few Minnesota lawyers in the past decade have found themselves so frequently on the wrong side of the law as William Bernard Butler. Foreclosure News
