Missy Caulk's Blog (4)
Former Governor Jennifer Granholm Vetoed Bill to Help Homebuyers get the Homestead Exemption
Homebuyer Tax Relief Bill Passes Legislature on last day of 2010 Session MAR-supported legislation to allow foreclosed properties to retain their principal residence exemption for a period of up to 3 years has passed both the House and Senate, and is expected to be signed by the Governor in the coming days.
Senate Bill 77 provides for much needed Principal Residence status and tax relief to purchasers of bank-owned properties after the May 1st filing…
ContinueAdded by Missy Caulk on January 13, 2011 at 7:19am — No Comments
Ann Arbor Foreclosures Lower than the National Rate, but Delinquency Rates Increase
Many sellers ask me should we sell now or wait until the market comes back? I answer by telling them two things.
* Why are they selling?
* How do any of us know when the market is coming back?
According to recent data from First… Continue
Added by Missy Caulk on December 18, 2009 at 4:32am — No Comments
What to do in Michigan if Your Landlord Goes into Foreclosure?
The Scenario
In good faith you have signed a lease. One day you come home from work or classes and see a notice of foreclosure on the door.
First, don't panic. According to Michigan law the mortgage company must post this on your door at least 15 days before advertising in the papers a notice of foreclosure.
After the 6 weeks of being posted… Continue
Added by Missy Caulk on December 18, 2009 at 4:25am — 1 Comment
Michigan Foreclosure Law, 6 Month Redemption Period
I'll make it easy by going step by step:
1) Home owners misses 3 mortgage payments.
2) 15 days before it goes in the newspaper, a notice of foreclosure is placed on the… Continue
Added by Missy Caulk on December 6, 2009 at 11:43am — 4 Comments
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