Michigan Foreclosure Lawyers

Frequently Asked Questions

• What is the Homeowner Affordability and Stability Plan?
  Congress recently passed the Homeowner Affordability and Stability Plan (“the Plan”), which provides various options for homeowners who are feeling the pressure of their monthly … more
• How do creditors get paid when foreclosing on a house to satisfy unpaid debts?
  A foreclosure is where the creditor collects its lien by forcing a sale of the debtor's real property. The creditor receives the amount of the proceeds from the sale equal to the unpaid debt plus … more
• What is a loan modification, and how will it help me with my mortgage?
    A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal of a loan modification is to … more

Legal Articles

• Can I use a loan modification program in order to save my home from foreclosure?
  With mortgage foreclosures at an all time high, major banks across the nation have begun offering loan modification programs for people who are in danger of losing their homes to foreclosure. While eligibility for loan modification programs differs from one bank to the next, the common goal of these programs is to restructure existing mortgage loans so that borrowers have lower … more
• Facing Money Problems? How to Avoid Foreclosure
  Unfortunately, when facing unemployment, unexpected medical expenses, funding the care of a family member, or other financial strains, you may find yourself struggling to pay the mortgages and worry about loosing your homes in foreclosure.  The good news is, you can avoid foreclosure and keep your home if you know the right steps to take.  The Federal Housing Administration, a … more

Legal Guides

• How To Avoid Foreclosure
  This guide, by the U.S. Department of Housing and Urban Development, provides valuable … more
• Homeowner Affordability and Stability Plan - Fact Sheet
  This fact sheet from the Department of the Treasury describes the Obama Administration’s … more
• Partial Claim Fact Sheet (HUD)
  This fact sheet from the Department of Housing and Urban Development explains the Partial Claim … more
• Deed-In-Lieu of Foreclosure Fact Sheet (HUD)
  Thhis fact sheet from the Department of Housing and Urban Development explains the Deed-in-Lieu … more
• Special Forbearance Fact Sheet (HUD)
  This fact sheet by the Department of Housing and Urban Development explains a homeowner's option … more

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