Foreclosure notice of default in Michigan– what is it?

If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued

Foreclosures

Most first time homeowners usually acquire mortgages without the knowledge of what occurs when they mortgage goes unpaid. With rent prices increasing each year, a mortgage can be cheaper than rent on a monthly basis. But just like rent, your mortgage is meant to be taken care of and neglecting it can result in a … Continued

What is a Pre-Foreclosure in Detroit?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Detroit anyway? Many homeowners across America and Detroit are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Avoid Foreclosure in Detroit

While the housing market is rebounding, many people in Detroit] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued