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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 can be applied retroactively ...
Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama 's $4-billion filing in 2011. [1] Detroit is also the largest city by population in ...
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Website. www.eastenglishvillage.org. East English Village is a neighborhood in Detroit, Michigan, [1] bounded by Harper Avenue on the north, East Outer Drive on the west, Mack Avenue on the south, and Cadieux Road on the east. It was first developed in 1913 though most of the homes were built in the early 1930s through 1950.
Bank walkaway. A bank walkaway is a decision by a mortgage lender (a bank) to not foreclose on a defaulted mortgage (when the borrower has ceased to make the payments), or to not complete foreclosure proceedings (to "walk away" from the mortgage). These are sometimes referred to as abandoned foreclosures or stalled foreclosures, though this ...
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