From job loss to an unexpected health decline, many factors can cause a homeowner to fall behind on their mortgage payments. While your lender may temporarily reduce or delay your mortgage payments if you're facing a hardship, they don't have to.
The property database ATTOM Data Solutions released its 2018 U.S. Foreclosure Market Report earlier this month. Although it shows that the number of foreclosures nationwide dropped to a 13-year low in 2018, some cities in Michigan ended up having some of the highest rates of all American cities in 2018.
When many of us set out to buy a house in Trenton, we're often consumed by finding one that checks off all the boxes on our wish list. Many times, it includes physical attributes that we'd like our house to have but not what we're looking for in terms of neighbors. Maybe it should, though.
If the thought of trying to sell your Michigan home during December and January sounds difficult to pull off, then you're right about that. It is.
Congratulations. You've decided to buy a house in Michigan. It's an exciting time, but also one full of trepidation as you think about making such a huge investment. There's a lot to consider and do when you buy a home.
As a parent, you may want to ensure that a hard-earned asset such as your home ends up in your children's hands once you pass away. Unless you make that clear during the estate planning process, it's not guaranteed that this will occur. There are three steps you can take to ensure that your property transfers seamlessly to your heirs when you pass away.
If you're looking to purchase or sell a property, then you may have heard the terminology "warranty deed" used to describe it. You may wonder what that means and how it impacts your ownership of the home.
A recent report published by ATTOM Data Solutions reflects that the current home appreciation rate is currently the lowest it's been since the second quarter of 2016. Their data shows that during this year's second quarter, homes in the United States have been selling for $255,000 on average. This marks a 6.3 percent increase over what it was last year at this same time.
A class action lawsuit, which had been previously filed by the American Civil Liberties Union (ACLU) against both Wayne County and the City of Detroit, was settled on July 3. Upon its signing, Wayne County homeowners who'd failed to pay property taxes would longer be in peril of losing their homes to foreclosure anymore.
If you're selling your home, then you've likely heard the words "realtor" and "broker" thrown around. While you may readily think of the person who you contact to either buy or sell a home as a realtor, you may not know what the role of the broker is.