Financial Resource Documents

(all documents in PDF format)

Foreclosure

Foreclosure is a legal process where a bank or mortgage company take back your home in order to satisfy your mortgage loan to them. If you fail to make your mortgage payments (including first mortgages, second mortgages, and home equity lines of credit) it can result in a foreclosure. A foreclosure can also be due to non-payment of real estate property taxes.

Michigan State Housing Development Authority;
(http://www.michigan.gov/mshda/0,1607,7-141-45866_47905-177816--,00.html)

Tips on avoiding foreclosure:
Avoiding_Foreclosure_Brochure_215948_7.pdf
(http://www.michigan.gov/documents/ag/
Avoiding_Foreclosure_Brochure_215948_7.pdf)

Attorney General actions promoting consumer protection:
Mortgage_Rescue_Scam_website_and_Cox_284939_7.pdf
(http://www.michigan.gov/documents/ag/
Mortgage_Rescue_Scam_website_and_Cox_284939_7.pdf)

Michigan Foreclosure Timeline. Understanding the Foreclosure Process:
MSHDA_Timeline_274316_7.pdf
(http://www.mi.gov/documents/ag/
MSHDA_Timeline_274316_7.pdf)