5 Articles match "Auctions","May","Michigan"

• The Best from RealtyTrac

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• Michigan Foreclosure Laws
  
  Michigan Foreclosure Laws Michigan foreclosures are primarily handled out of court. The typical foreclosure takes about eight months. Compare All State Foreclosure Laws Michigan Overview Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 60 Days 30 Days 30-365 Days Sheriff
  www.realtytrac.com - Tuesday, February 3, 2009
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• May Home Prices Down 4.8 Percent
  
  Home prices were down again in May, but a few regions of the country experienced a ever-slight uptick in prices from the previous month, giving officials at the Office of Federal Housing Enterprise Oversight (OFHEO) a chance to be cautiously optimistic in the press release announcing the numbers. "It quot;It is very hard to draw conclusions from a one-month number, especially in these uncertain times; but the numbers in the Pacific, East and West North Central Divisions may be good signs," said OFHEO Director James B. Lockhart in the release. Nationwide, the OFHEO report
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Make Food, Not Foreclosures
  
  Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Ground was broken on the first “farm” in May. The properties where the farms are located are left available for sale, but in the meantime the properties are being productive and cared for by group volunteers. Posted 06-11-2008 4:30 PM by joelc Filed under: Foreclosure A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FBI: Mortgage Fraud Begets Foreclosure
  
  The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. In extreme instances, perpetrators may sell the home or secure a second loan without the homeowners’ knowledge, stripping the property’s equity for personal enrichment.” More states are enacting legislation to protect homeowners against such fraud, and justifiably so. The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.”
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• July Foreclosure Report
  
  Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. This shift in percentages shows that a higher proportion U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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