5 Articles match "Auctions","Michigan","Sales"

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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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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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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. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the
www.foreclosurepulse.com - Tuesday, December 16, 2008
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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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  • Exclusive Interview with Dave Webb of Hudson & Marshall
    As foreclosures continue to mushroom, lenders are increasingly turning to the auction block to sell foreclosure properties. In April, Foreclosure News Report will spotlight the fast-growing foreclosure auction market and cover other hot foreclosure issues. One of the experts interviewed for the Foreclosure News Report story was Dave Webb, principal of Hudson & Marshall, a major auction firm in Dallas, Texas. Webb believes now is a good time to buy foreclosure properties. Read Webb’s exclusive interview below: Is now a good time for investors to buy bank-owned
    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. Contributing to the downfall are high unemployment, low home sales volume and deflating home prices. 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 A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio
    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. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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
    READ MORE