Foreclosure

The federal moratorium on foreclosures has ended, meaning that banks and other lenders and lender servicing organizations can resume foreclosing on homeowners who are behind in payments. However, residents of the greater Detroit area should know that the federal...

Losing a home through mortgage foreclosure is devastating on many levels. The agony of the loss of a home and the hassle of trying to find a new place to live are bad enough by themselves, but foreclosure also damages one's credit rating, making it harder to start...

“Foreclosure” is a word that can strike terror into the heart of a homeowner who has missed one or more payments on the loan used to purchase his residence. The word most often appears in a letter to the borrower from the bank or other lending institution that made...

Being faced with foreclosure can be both terrifying and overwhelming. For homeowners wanting to fight foreclosure, and wondering about possible foreclosure alternatives, it is helpful to fully understand what the foreclosure process is and have some common questions...

With the threat of foreclosure moratoriums expiring, many Americans are facing not only a seemingly endless struggle to make ends meet, but also the prospect of losing their homes. Even with stimulus checks to help in the short term, many people are still dealing with...

Foreclosure can be an overwhelming process and can also be frightening for the homeowner. For that reason, homeowners who are facing foreclosure should be familiar with foreclosure alternatives. Foreclosure alternatives There are several foreclosure alternatives...

Foreclosure is serious business. It can strip you of your home, devastate your credit, and even leave you with stress, anxiety, and depression that can be difficult to overcome. But if it looks like you may be facing foreclosure in the near future you shouldn’t let...

Many people in the Detroit area found 2020 to be a financially difficult year and for some people 2021 is shaping up to be no better. If you were furloughed, laid off or returned to work at reduced pay you may have found that paying your mortgage became impossible....

When a Michigan resident is facing overwhelming debt, they can consider extreme options to keep themselves afloat. This often includes selling off their house in order to pay off their debts. As difficult as it is to consider selling the place where one has a lot of...

Many of our readers in Michigan have gone through some uncertain times over the past year and more, as have many others throughout the country. For some, the primary concern is the household finances. In some cases, that means that an individual or family’s ability to...