Detroit assessor’s plan to save some from tax foreclosure stalls at county treasurer’s office
Wayne County put more than 6,000 properties up for auction this year. Nearly 30,000 were withdrawn from the foreclosure process before the auction.
Similar Posts
Consumer Financial Protection Bureau Sues Ocwen Financial Corporation
ByadminOcwen allegedly botched basic functions like sending accurate monthly statements, properly crediting payments, and handling taxes and insurance. Allegedly, Ocwen also illegally foreclosed on struggling borrowers, ignored customer complaints, and sold off the servicing rights to loans without fully disclosing the mistakes it made in borrowers' records. Foreclosure News
Is an Interest-Only Mortgage Ever a Good Idea?
ByadminYet in the last few years, these mortgages have reappeared as an option for some homebuyers. Should you consider getting an interest-only mortgage? , you make a set payment over a set period of time, and the payment is applied to both the principal and interest . Foreclosure News
Mysterious abandoned Howey mansion now up for sale
ByadminThis boarded-up mansion has no electricity, heat or air-conditioning, but that hasn't stopped hundreds of the old girl's fans from streaming to Howey-in-the-Hills when they heard the news: She's on the market. The creepy, abandoned 20-room house has been tied up in foreclosure since 2008. Foreclosure News
Texas home equity loan foreclosures could become easier
ByadminTwenty years ago, Texas became the last state in the union to legalize the home equity loan, allowing people for the first time to use their own homes as collateral. But lawmakers also kept tight restrictions on the loans, which saved Texans from the excesses that contributed to a housing bust that nearly brought down…
It’s been a good year for Colorado Springs homebuilding – and there’s still a month to go
ByadminPermits issued to builders and individuals for the construction of single-family homes in El Paso County totaled 3,253 during the first 11 months of this year. Gazette file photo by Mark Reis. Foreclosure News
Title Insurance Covers That Foreclosure Problem, Right?
ByadminIn the minds of many buyers of distressed properties at foreclosure sales, the existence of ANY title insurance policy relating to the property – even if the buyer is not the insured – is seen as a “cure-all” for anything that might go sideways regarding the property's state of title after the sale. A recent…