Foreclosure News

WWJ Series: My Dream, My Home The American Dream is crumbling for many home owners in Michigan who find themselves at foreclosures door.  WWJ's Florence Walton reports Michigan State Housing Development Authority statistics show the state is second in the nation in the number of foreclosures when homeowners had subprime adjustable rate home mortgages.  Detroit's home foreclosure rate was the highest in the nation in 2006.  More. Foreclosure for Older Americans on the Rise: Protect Yourself The statistics are alarming: 634,000 Americans age 50 and over are delinquent on their mortgages, with another 50,000 in foreclosure or having lost their homes.  Foreclosures In Mich. Decline Dramatically New data suggests home foreclosures in Michigan are declining. Filings in the state dropped 7 percent in January compared with a year ago. Michigan now ranks 10th nationwide for foreclosure filings. Detroit Tops Nation in Foreclosures The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the country's largest 100 metropolitan areas shows. Forclosure Numbers Jump A new survey released Tuesday morning shows foreclosure filings have increased more than 8-percent in the past month. Foreclosure Study: Mich. Neighborhoods Losing Milions According to ACORN's report  "Foreclosure Exposure 2:  The Cost to our Cities and Neighborhoods"  four Michigan communities stand to lose more than $350 million; national losses could exceed $25 billion. Mich. Launches Foreclosure Helpline Governor Jennifer Granholm Tuesday announced that a new toll-free hotline has been established to help homeowners who are facing mortgage foreclosure get counseling services and advice on how to avoid foreclosure.  The toll-free number is 1(866) 946-7432.

Series Reports

WWJ Newsradio 950's Florence Walton reports in this special series. L. Brooks Patterson The Oakland County Executive describes a new program designed to help homeowners avoid foreclosure. Housing Crisis 12/18 A new Fed program is commented on by a local expert live on WWJ. Mark Gilman on the Presidents Plan A local experts delivers his comments the Presidents foreclosure proposal. President Bush on Foreclosures 12/6 The President announces his plan to amend the crisis. Wayne County Foreclosures WWJ's Pat Sweeting talked with Keith Owens of the Wayne County Treasurers Office. He advises county residents that help is available for those facing foreclosure. Foreclosures Still On The Rise 11/14 Realty Detroit reports Detroit is second in the nation for repocessed homes, with 1 in 33 homeowners affected. WWJ's Jayne Bower speaks to Mark Gilman editor of WWJ's E-newsletter called Real-View. My Dream, My Home 10/24 Part 7 The widening foreclosure crisis in Michigan and across the country has activists calling for federal and state intervention. WWJ Newsradio 950's Florence Walton reports on the call for action in the WWJ series: My Dream, My Home. My Dream, My Home 10/24 Part 6 Michigan's foreclosure crisis is widening as more homeowners are impacted by the state's faltering economy, mortgages adjust upword and propert values plummet. WWJ's Florence Walton reports on steps homeowners should take. My Dream, My Home 10/23 Part 5 The Michigan State Housing Development Authority is projecting 83-thousand home foreclosurs by the end of '07. WWJ's Florence Walton profiles the state's new homeless in this Newsradio 950 special report. My Dream, My Home 10/23 Part 4 Michiganders are losing their piece of the American Dream at an alarming rate. WWJ Newsradio 950's Florence Walton reports on homeowners in the midst of the crisis in WWJ's special series: My Dream, My Home. My Dream, My Home 10/23 Part 3 Some homeowners in Michigan are reduced to just waiting for the bailiff to come knocking at the door. WWJ Newsradio 950's Florence Walton reports on the growing foreclosure crisis in Michigan in this special series. My Dream, My Home 10/22 Part 2 The Michigan State Housing Develpment Authority is projecting a home foreclosure rate of nearly 83-thousand by year's end. WWJ's Florence Walton reports that foreclosures have reaches the point of crisis in our state. My Dream, My Home 10/22 Part 1 The American Dream is crumbling for many homeowners in Michigan who find themselves at foreclosure's door. WWJ's Florence Walton examines the home foreclosure crisis in this special series.

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