In the wake of the $25 billiion settlement agreement earlier this year involving 49 state attorneys general, Bank of America has begun sending letters to homeowners offering to reduce their prinicpal balances. They started earlier this year working with homeowners requesting modifications. Read more...
During the Building Michigan Communities Conference, the Michigan Foreclosure Taskforce unveiled one of their latest projects, The Michigan Community Foreclosure Response Toolkit, the Toolkit provided the latest and a complete set of resources for those facing foreclosure, as wll as those wanting to know more about foreclosure and how it affects their area. The Toolkit is a partnership between MFTF and CEDAM and has been made possible through a grant from Charter One Bank. Learn more...
The Michigan Historical Residential Foreclosure Data Project is a partnership between The Michigan Foreclosure Task Force (MFTF), The Community Economic Development Association of Michigan (CEDAM), the Michigan State Housing Development Authority (MSHDA) and Grand Valley State University's Community Research Institute (CRI). The project is made possible through a generous grant from Quicken Loans. Read more...
ALERT!
If your home was part of a foreclosure action in 2009-2010, you may be eligible for compensation as part of an Independent Foreclosure Review. read more...
Top 10 Tips to Help Avoid Foreclosure and Scams
The national Loan Modification Scam Alert campaign has put together 10 tips to help homeowners seeking foreclosure prevention assistance this year:
