Tag: foreclosure-process

5 Ways the Foreclosure of Your Metro Detroit House Will Impact You

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Foreclosure occurs when, for whatever reason, agreed to payments for a mortgage loan and not being made in a timely and consistent manner. The reasons this can vary as widely as there are homeowners, from the sudden loss of life from a contributing family member, unexpected loss of income, or a myriad of other possibilities. … Continued

4 Ways a Foreclosure Will Impact You in Metro Detroit

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Besides the obvious strain and emotional impact the situation can have on your family and personal relationships, foreclosure can also devastate your finances. From the clothes you wear to the car you drive, or even where you reside or work, it will have a residual effect on your life for years to come.  House Full … Continued

What is a Pre-Foreclosure in Metro Detroit?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Metro Detroit anyway? Many homeowners across America and Metro Detroit are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending … Continued

Understanding the Foreclosure Process in Michigan

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Understanding the foreclosure process in Michigan is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not … Continued
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