December 18, 2007
Cross posted from the Michigan Messenger
Michigan is studying whether to hold more sessions to help homeowners who fear foreclosure, after thousands of people came to Detroit’s Cobo Center last week for a forum to learn how to save their homes.
The forum was hosted by state Attorney General Mike Cox and the banks and lenders present represented 98 percent of the Michigan mortgage market. Participants were able to interact directly with their lenders, talk to independent loan counselors and the Federal National Mortgage Association, and attend 45-minute classes on topics like options to avoid foreclosure, dealing with property taxes and what to do when you are in foreclosure. Read more
