STOP FORCLOSURE
You still have options!
Let our team help.
We understand what you are going through because we have been helping people in your situation for over 30 years.
We know how difficult it is to see a lifetime of hard work threatened because of an unexpected situation such as job loss, decrease in income, divorce, death/illness in family or any other hardship that would lead to you losing your home.
We also know
We know how frustrating it is to face a mountain of uncertainty with no clear path to getting back on track. Every year hundreds of homeowners are in similar situations. We Can HELP!
We work directly with a network of bankruptcy attorneys, tax consultants, credit experts, and other valuable resources that are available to give you FREE consultations and answer any questions that may arise throughout the foreclosure/short sale process. We want to make sure you understand all options available to you.
We have a genuine passion to help people in your situation and truly want to make sure you obtain the best possible outcome available to you.
For an honest professional assessment of your situation, Pick Up The Phone
With over 30 years of proven success helping thousands of Michigan homeowners.
Proven Team of experts
We have a highly dedicated team of experts that have the skills & knowledge necessary to get you started on the road to recovery. With an integral knowledge of the Michigan state laws regarding foreclosures, we are always working hard to make sure we are current on any changes regarding the laws directly related to foreclosures and short sales.
UNDERSTANDING THE FORECLOSURE PROCESS
Day 1 to 15 • Typically, payments due on the 1st
Day 16 to 30 • Late charges are assessed after the 15th day past due. • Loan is in default at 30 days. • Lender sends notice of delinquency. • Negotiate a work out plan. Ask “what are my options?”
Day 45 to 60 • Lender attempts phone contact. • Lender sends out notice that a foreclosure is possible and that borrower has right to contact an attorney and homeownership counselor to see if borrower is eligible for a loan modification. • Borrower must contact lender within 14 days from the date the notice is mailed, or Foreclosure proceeds.
Day 90 to 105 • Lender sends “demand” or “breach” letter that the mortgage terms have been violated. • Once the “demand” letter goes out partial payments are generally not accepted and all delinquent payments and late fees are due. • Lender hires attorney to initiate foreclosure proceedings. • Public Notification - Notice of Foreclosure at the local courthouse, details of the debt published in local paper for four consecutive weeks, and a notice is posted on the home.
Day 150 to 155 • Sheriff Sale - House sold at foreclosure sale or auction. • Title transferred subject to Redemption Rights of the owner. • The “sheriff’s deed” lists the last date the property can be redeemed. • Redemption period is generally six months, but can be up to 12 months if property is over 3 acres or there is more than 50% equity in the property.
Warning: If you vacate the home the Lender can accelerate or shorten the redemption period. Redemption Period
• To get the property back you must pay: Mortgage + interest + late fee + court costs + attorney fees.
• EVICTION- At the end of the Redemption Period you will receive an eviction notice.
• LEGAL NOTICE - You will be served with legal notice of action. You can appear in court. Date is set to actually have the Sheriff move your belongings to the curb.