ice I have not posted for a while, sorry, the foreclosure crisis continues, but not a lot new to report. We hear about the housing bubble, which we in Michigan missed. But our ...
Author Archives: Kurt O'Keefe
MERS And Mortgages
A friend asked me what I thought of this blog post on MERS, the self-designated "nominee" on millions of U.S. mortgages. Golly, I have been screaming about MERS for years. Well, not to everyone, I ...
Download PDF Version Buy And Bail Is Back?
Well, here we go again. Buy and bail, where people get approved for a mortgage to buy a new place, even though they still owe for the old one, never left. Changes in
Download PDF Version HAMP Foreclosure Prevention Failing
Well, we cannot file this one under news. HAMP failing is the topic of an Arthur Delaney story in the Huffington Post. As well as numerous rants, about failed government policies on mortgages and foreclosure, on this ...
Download PDF Version Mortgage Modification Companies Targeted For Criminal Charges
Operation Loan Lies, an excellent name for a task force looking at the con men victimizing people in fear of losing their homes, mortgage modification outfits.
Download PDF Version What Is the Chance Of My Mortgage Modification Working?
Bad, because they are not likely to give you a real modification, one that would reduce the principal, and reduce your payment for the life of the loan. Barry Ritholtz blogs on some devastating statistics on mortgage modifications.
Download PDF Version Mortgage In Foreclosure, Will I Still Owe Money? (part two)
Michigan allows foreclosure of a mortgage by publication, an auction process, or through a lawsuit in a court. If the bank bids the amount you owe at the foreclosure auction, you owe them nothing, no matter what they may get ...
Download PDF Version Wrongful Michigan Foreclosure?
The Detroit Free Press recently published an article about wrongful foreclosure and the taking of personal property from Michigan homes in foreclosure. Unfortunately, the sidebar notes on Michigan foreclosure ...
Download PDF Version After Foreclosure, How Long Can I Stay In My Michigan House?
After a Michigan foreclosure by publication, there is a statutory redemption period. The national average for the whole process is over a year from when payments stop being made before the foreclosure process is complete. Foreclosure is controlled by state ...
Download PDF Version Housing Crisis Means More Foreclosures
Warren Michigan is typical of the real estate market in our state, hard to sell even homes coming out of foreclosure. The Zillow website reports zero, nada, not one, house sold in the last 30 days, out of 1,852 for ...
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