Missy Caulk's Blog – December 2009 Archive (3)

Ann Arbor Foreclosures Lower than the National Rate, but Delinquency Rates Increase

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?

What should you do if you live in Michigan and are in a lease with a landlord who 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

Michigan Foreclosure Law is somewhat different than other states I have been reading about on Short Sale Superstars.



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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