By GRETA GUEST
FREE PRESS BUSINESS WRITER
Michigan’s plan to spend $154.5 million in federal funds to help those hardest hit by the economy has gained federal approval and will be available starting July 12.
The funds – targeted at helping borrowers facing pay cuts or job losses keep their homes – are expected to [...]
Filed under Detroit · Tagged with Authority Officials, Barack Obama, Business Writer, Credit Unions, Federal Approval, Gov Jennifer Granholm, Housing Development Authority, Jennifer Granholm, Matching Funds, Medical Emergency, Michigan State Housing Development, Michigan State Housing Development Authority, Mortgage Payment, Mortgage Payments, Nevada California, New Homeowner, Payment Assistance, Principal Reduction, State Housing Development Authority, Unemployment Compensation
April 30, 2008 by admin ·
The article below describes more in depth how severe and widespread the mortgage crisis has become. Each and every home will present an opportunity for an investor.
“Detroit, which ranked sixth in the nation with 1 in every 68 households in default”
Article Link
More than 155,000 families have lost their homes to foreclosure this year; [...]
Filed under Real Estate · Tagged with April 29, Article Link, Auction Sales, Bank Repossessions, Cnnmoney, First Three Months, Foreclosure, foreclosure filing, foreclosure filings, foreclosure filings double, foreclosure purchase, foreclosure relief, Households, Information Firm, Last Quarter, Last Updated April, Metro Areas, mortgage crisis, mortgage crunch, mortgage meltdown, Nevada California, Real Estate Information, realtytrac, rick sharga, Single Family, Southwest Nevada, Speculators, worst state for foreclosures, Year One