Foeclosure Options - 11/23/10 07:14 AM

Fannie Mae recently launced a new website to provide information and possible options to homeowners who are behind on their mortgage payments.  Knowyouroptions.com features practical information and resources to help homeowners avoid foreclosure by either staying in their home or selling it.  Resources include a list of local foreclosure prevention events, housing counselors, Fannie Mae resources, credit score information, forms, videos, and more.  There is also useful insight as to how to avoid foreclosure scams. 
Visit www.KnowYourOptions.com
… (0 comments)

Foreclosure Moratorium has little affect on Michigan - 11/23/10 06:41 AM
"The Michigan Association of REALTORS has met with experts in the field and state government to discuss recent national developments on foreclosures and their potential impact on our state. That impact, to date, is minimal or non-existent. Michigan is a "non-judicial" foreclosure state, meaning that Michigan's legal protections for consumers and homeowners do not involve the procedures in question. Valid real estate contracts and mortgages remain enforceable and unchanged. There are no major anticipated legal challenges associated with recent headlines that will have an effect on our state."
 
… (0 comments)