Posts Tagged ‘recession’
Understanding Stages of Foreclosure
In Michigan, hard hit by long-term economic decline, has one of the highest rates of unemployment and foreclosure in the nation. It’s important to understand the sequence of events and potential remedies to stay in your home. If you have a way of coming up with some of the funds, negotiate with the lender. It’s in their interest to work with you.
CRC has helped many people challenge the system and stay in their homes. We’re currently making progress in non-judicial states.
In any event, there are possibilities that will enable a homeowner to delay the loss of their home, if not stop the foreclosure altogether. For more, see this article about foreclosure in Michigan.
