Wayne Michigan Foreclosure Package

State:
Michigan
County:
Wayne
Control #:
MI-P113-PKG
Format:
PDF; 
Word; 
Rich Text
Instant download

Description

This package is an important tool for complying with foreclosure procedures in Michigan. Included in this package are the following forms:


1. Michigan Notice of Sale in Foreclosure


2. Michigan Report of Sale in Foreclosure


3. Clerk's Certificate Of Sale Of Real Estate Pursuant To Judgment


4. Summary of Michigan Law and Tenants' Rights in Foreclosure


5. USLegal Guide to Eviction in Foreclosure



Purchase of this package is a savings of almost 50% compared to purchase of the forms individually!



Wayne Michigan Foreclosure Package refers to a comprehensive set of documents, resources, and legal information provided to individuals or entities facing foreclosure proceedings in Wayne County, Michigan. This package aims to assist homeowners in understanding, navigating, and potentially avoiding the foreclosure process. The Wayne Michigan Foreclosure Package encompasses various essential elements, including: 1. Foreclosure Prevention Guidelines: This section of the package outlines detailed guidelines on how to prevent foreclosure, offering insights into available options such as loan modifications, repayment plans, forbearance, short sales, and deed in lieu of foreclosure. It provides step-by-step instructions on how homeowners can approach lenders or seek professional guidance. 2. Legal Forms and Documents: This package includes a range of legal forms that homeowners may need during the foreclosure process. These forms may include but are not limited to: Notice of Intent to Foreclose, Request for Loan Modification, Financial Hardship Affidavit, and Forbearance Agreement. These documents are crucial for homeowners to effectively communicate with their lenders and advocate for their rights. 3. Resource Directory: The Wayne Michigan Foreclosure Package provides a comprehensive list of local and statewide resources available to homeowners facing foreclosure. This directory includes contact details of housing counseling agencies, legal aid organizations, foreclosure prevention programs, and government assistance centers. These resources can provide vital support and guidance throughout the foreclosure process. 4. Rights and Responsibilities: This section educates homeowners about their rights and responsibilities during foreclosure proceedings. It covers topics such as the timeline of the foreclosure process, notification requirements, the role of foreclosure mediators, redemption rights, and eviction procedures. By understanding their rights, homeowners can make well-informed decisions and take appropriate action. It is worth noting that Wayne Michigan Foreclosure Package may have different variations or versions depending on the specific circumstances. Some variations may include additional documents or guidelines tailored to particular types of foreclosures, such as judicial foreclosures or non-judicial foreclosures. These variations may be based on the specific laws, regulations, or procedures applicable to different types of foreclosures in Wayne County, Michigan. In conclusion, the Wayne Michigan Foreclosure Package acts as a vital resource for homeowners facing foreclosure in Wayne County, Michigan. It equips them with the necessary information, legal forms, and local resources to help navigate the foreclosure process, understand their rights, and explore alternatives to foreclosure.

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FAQ

Real Property Tax Forfeiture and Foreclosures Parcels are forfeited to the county treasurers when the real property taxes are in the second year of delinquency. Real property taxes which remain unpaid as of March 31 in the third year of delinquency are foreclosed upon by the Foreclosing Governmental Unit (FGU).

The bank will usually have a representative at the auction to protect their interest. If say, $200,000.00 is owed on the property the bank may decide to bid to the $200,000.00 to protect their investment in the property. If someone bids more than $200,000.00, the high bidder will be the purchaser of the property.

There are two main ways to buy a foreclosed home without a cash down payment: with a loan assumption or with financing that doesn't require a down payment, such as cash-out mortgage refinancing, home equity lines of credit, shared equity mortgages, or hard loans.

One of the best house sites to find foreclosed homes for sale in Michigan is the Department of Housing and Urban Development (HUD) website that has property listings. HUD sells foreclosed homes of owners who default on mortgages secured by the Federal Housing Authority (FHA).

A. Your taxes can remain unpaid for a maximum of five years following their tax default, at which time your property becomes subject to the power of sale.

Below are eight ways to find foreclosure listings: Foreclosure real estate agent. Find a real estate agent who specializes in foreclosed properties.Check Zillow.Newspaper.Bank websites.Government agencies.Public records.Do a drive-by.Auction houses.

A Notice of State Tax Lien is an instrument that gives the Michigan Department of Treasury a legal right or interest in a debtor's property, lasting usually until a debt that it secures is satisfied. A Notice of State Tax Lien may attach to real and/or personal property wherever located in Michigan.

Steps to buying a home Initial consultation with a loan officer. Get a Mortgage pre-approval. Place an offer on a home. Start a mortgage application. Submit documents to underwriting. Complete home inspections and the Home Appraisal. Schedule the closing with your Realtor and the home sellers.

Foreclosure Listings ? Free Sites Equator.com.HomePath.com.HomeSteps.com.Zillow Foreclosure Center.Realtor.com Foreclosures.Bank of America-owned properties and foreclosures.RealtyTrac.Foreclosure.com.

Under Michigan's Foreclosure by Advertisement Law, a company must publish a Notice of Sale once a week for four weeks, in a newspaper of general circulation in the county where the property is located. The notice must also be posted on the property at least 15 days after the first Notice of Sale is posted.

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Most are in Detroit. Wayne County Ohio Warrant List In wayne county warrants list, lists on whether any of pre foreclosures.Find Land for Sale in the Michigan Vacant. Lake Orion real estate, Orion homes for sale,Oxford, Oxford Twp homes, search Oxford MI real estate, Brandon Township real estate,Free home evaluation. Wayne County Ohio Warrant List In wayne county warrants list, lists on whether any of pre foreclosures. Land contracts are a way of buying a home without a mortgage. Schools have closed and Michiganders are staying indoors during the COVID-19 crisis. Foreclosure Rates, Detroit and Wayne County. 11 listings — Browse active real estate listings for apartments to rent or houses for sale. Gretchen Whitmer signs an economic incentive package on Monday Dec.

2, 2013 in Detroit. The governor is asking the Legislature to amend the state constitution to put Michigan on a growth path that includes expanding access to job-creating measures such as tax credits. (AP Photo×Paul Santa, File) The Associated Press By JASON LIPTON, Associated Press DETROIT (AP) — Gov. Rick Snyder's push to amend the state constitution could bring a new era of economic revival at home and abroad. His decision to propose the measure in exchange for a new economic development program is an acknowledgment of the political peril created in 2013 by the collapse of the once-proud auto industry. As the debate over the constitutional amendment, the so-called “Big Fix” for Michigan, heats up, Snyder has signaled that he's willing for the first time in decades to compromise on the measure. He's been considering it at an unofficial hearing in Lansing this month and is scheduled to give a formal hearing on the issue on Jan. 11.

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Wayne Michigan Foreclosure Package