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The Michigan Supreme Court in 2020 said counties can't keep profit from tax foreclosed properties. The decision is retroactive, the court said Monday. ... Kent County foreclosed on the home and ...
In Michigan's Macomb County, though, it bought one man 627 homes. Bill McMachen, who owns a yacht dealership in Harrison Township, Bill McMachen of Michigan Buys Hundreds of Foreclosed Properties ...
The waiting period begins when the foreclosure case ends, generally when the foreclosed home is sold. As with a conventional loan, if you can prove circumstances beyond your control caused the ...
As per the foreclosure data report of RealtyTrac for January 2014, 1 in every 1,058 homes in U.S. received a foreclosure filing. This figure falls in the higher spectrum of foreclosure frequency. As of August 2014, the foreclosure rate was 33.7%, 1.7% up from the last year.
The National Community Stabilization Trust (NCST or Stabilization Trust) is a Washington, D.C.–based non-profit organization that facilitates the transfer of foreclosed and abandoned properties from financial institutions nationwide to local housing organizations to promote property reuse and neighborhood stability.
In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease the home to the homeowner who may remain in the home as a tenant. Often, these transactions take advantage of uninformed, low-income homeowners; because of the complexity of the transaction, victims are often unaware that they are ...