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July 29, 2024 at 5:37 PM. DETROIT (AP) — The Michigan Supreme Court said Monday that its 2020 decision stopping local governments from keeping cash windfalls from the sale of foreclosed homes ...
In another case, the state of Michigan foreclosed Lynette Hathon and Amy Jo Denkins’ property in 2018 for nonpayment, sold it for $28,250 at the auction and retained the surplus proceeds. They ...
Originally built in 1972 as part of an urban development program, the center is the only structure left. Most of the other buildings were razed in the 1980s due to many problems, including health risks, foreclosure and bankruptcy. For a time in the 1990s, the facility nearly faced foreclosure and bankruptcy due to lack of funds provided by the ...
Last week, with the help of a special $1.5 billion Obama administration fund for the states most devastated by property price declines and foreclosures, the state of Michigan launched its own ...
Arnold Transit Company is a ferry boat company serving Mackinac Island in Michigan for 140 years. In late 2016 Arnold Line's Assets including the boats, docks along with its name were purchased by Star Line Ferry (now Mackinac Island Ferry Company), who continues to operate it today.
e. A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner. The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure ...