The main change to the program is that it will now offer a property tax exemption to homeowners within certain income thresholds.
Read More »Motor City’s Foreclosure Payment Purgatory
While Detroit offers programs aimed at reducing property tax foreclosures in the city, here's why many residents are still stuck making payments.
Read More »Pushing Housing Investment in Detroit
According to experts, now may be the perfect time to begin investing in Detroit real estate. Here's why.
Read More »Motor City’s Reverse Mortgage Foreclosure Problem
Detroit homeowners are being hit with record-high rates of reverse mortgage foreclosures. Here's why.
Read More »Tackling Foreclosure Challenges in Motor City
Detroit saw a record low number of homes at tax foreclosure auction in 2018. Here's how relief efforts are keeping homeowners in their homes.
Read More »Starter Homes vs. Renting: Where Homeowners Can Save
Buying a home is cheaper long-term than renting an apartment in the top metropolitan areas, and a new report breaks down just how much homeowners can save.
Read More »High Tax Assessments Possible Cause for Growing Foreclosure Rate
A recent report is linking a higher than average foreclosure rate with tax assessments that may surpassed the constitution limit.
Read More »10 Cities Primed for Foreclosures
New rankings list the 10 worst U.S. cities to live in. Considering the factors the list takes into account, they’re likely the worst places to invest in, too.
Read More »Detroit Tops Single-Family Investments List
According to Q1 data, Detroit offers investors the highest gross yield when it comes to single-family properties. The city came in No. 1 out of the nation’s top 25 metros, with a 17 percent average gross yield for the quarter. Cleveland and Milwaukee came in at No. 2 and No. 3, respectively. Detroit also had the highest number of investor purchases over the last year, indicating increasing interest in the market.
Read More »Wayne County, Michigan, Officials Help More Than 4,000 Avoid Foreclosure
Officials from the Wayne County, Michigan, treasury office assisted more than 4,000 homeowners delinquent on taxes with various plans to avoid foreclosure during the county's recent show cause hearings, according to Wayne County Deputy Treasurer David Szymanski.
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