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Market News and Feature Articles

Methods of Foreclosure

May 1, 2008

The foreclosure process and laws vary by state, however all states use one or both of the these methods of foreclosure.
Read More

Exceptions To Foreclosure Process

May 1, 2008

There are exceptions that can affect the foreclosure process. Learn more about some of the exceptions that can delay foreclosure. Remember laws vary by state, so do your research.
Read More

Foreclosure Resources

Michigan Foreclosure Laws & Process
Summary of Michigan laws, process & foreclosure timeline.
Michigan Bankruptcy & Eviction
Summary of bankruptcy laws and eviction process in Michigan.
Foreclosure Glossary
Foreclosure terms defined
Foreclosure & Debt Counseling
You have options if you are in foreclosure. Learn more.

The Foreclosure Process

Reference Article

The foreclosure process allows a lender to recover the amount owed on a defaulted loan using a public auction of a property secured property secured by a loan.
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Distressed Property Owners: Beware of Scam Artists

March 14, 2008

In addition to the legitimate companies to help you with foreclosures, there are also con artists who prey on homeowners in trouble.
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Distressed Property Owners: Stop Foreclosure Now!

March 14, 2008

If you are a home owner facing a foreclosure, you do have options available to you. However, you must take action immediately.
Read More

Anatomy of a Short Sale

March 13, 2008

"A properly structured short-sale transaction can be an attractive alternative and beneficial for all parties to the transaction."
Read More

Foreclosure Statistics

Last Updated: 10/07/2008

- Filings: 122,387

- New (last 30 days): 4,495

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