What Happens If Your Home Is Foreclosed in Michigan?

Answer In the state of Michigan, which has been hard hit by foreclosures, especially in urban areas like Detroit, foreclosures usually occur through a notice process, referred to as a nonjudicial foreclos... Read More »

Top Q&A For: What Happens If Your Home Is Foreclosed in Mich...

What happens when a home gets foreclosed on?

It will depend in your state. Some are Judicial foreclosure others Non-Judicial foreclosure system.You may want to understand the Foreclosure Process of your state. Look at http://www.foreclosurela... Read More »

What happens to the buyer when a home is foreclosed?

Foreclosures are when the owner is no longer able to pay the lender or bank and the property is taken. While buying a foreclosed home could provide you with benefits there is also risk involved.Bel... Read More »

What happens in home foreclosures in Michigan?

Foreclosure on a home in Michigan can take place in a court, however the majority of mortgages in the state are written with a "Power of Sale" provision allowing the lender to sell your home by adv... Read More »

What happens if a foreclosed house is not sold?

A home goes to foreclosure and is auctioned at a sheriff's sale if a homeowner cannot pay the mortgage. When a foreclosed home is not sold, the lender takes possession of the property. The lender w... Read More »