Bank of America http://michiganradio.org en Lawmakers seek to shorten the amount of time to stop a bank foreclosure http://michiganradio.org/post/lawmakers-seek-shorten-amount-time-stop-bank-foreclosure <p>Opponents of a plan to change the foreclosure process in Michigan say it would put more people out of their homes and hurt property values.</p><p>They were in Lansing today to protest a package of bills in the state Legislature.</p><p>The legislation would shorten the amount of time homeowners have to stop a bank foreclosure from six months to two months.</p><p>Ingham County Register of Deeds Curtis Hertel Jr. says banks have wrongly foreclosed on thousands of properties across the state.</p><p>He says it often takes months for people to prove they don’t deserve to lose their home.</p> Tue, 28 May 2013 21:08:01 +0000 Jake Neher 12778 at http://michiganradio.org Lawmakers seek to shorten the amount of time to stop a bank foreclosure Michigan homeowners will have to wait to get their share of a national foreclosure settlement http://michiganradio.org/post/michigan-homeowners-will-have-wait-get-their-share-national-foreclosure-settlement <p>Michiganders hard hit by the foreclosure crisis might get some help thanks to a national settlement approved this week by a federal judge. &nbsp;&nbsp;&nbsp;&nbsp;But that help won&rsquo;t be coming immediately.</p><p>The $26 billion settlement involves 49 states, the District of Columbia and five of the largest mortgage lenders in the United States:&nbsp; Bank of America, Wells Fargo, J.P. Morgan Chase, Citibank and Ally Financial.&nbsp;</p> Fri, 06 Apr 2012 20:17:08 +0000 Steve Carmody 6943 at http://michiganradio.org Michigan homeowners will have to wait to get their share of a national foreclosure settlement Michigan to share in mortgage industry settlement of foreclosure complaints http://michiganradio.org/post/michigan-share-mortgage-industry-settlement-foreclosure-complaints <p>&nbsp;The state of Michigan is expected to reap a half billion dollars from a settlement between 40 states and five of the nation&rsquo;s largest mortgage lenders.&nbsp;&nbsp;</p><p>Michigan has been among the hardest hit states in the foreclosure crisis. The&nbsp;settlement will help homeowners who were in foreclosure between 2008 and 2011.</p> Tue, 07 Feb 2012 22:43:02 +0000 Steve Carmody 6135 at http://michiganradio.org Michigan to share in mortgage industry settlement of foreclosure complaints First Detroit police officer gets new house with Project 14 http://michiganradio.org/post/first-detroit-police-officer-gets-new-house-project-14 <p>The Detroit program meant to lure police officers back to live in the community they serve has <a href="http://www.freep.com/article/20110817/NEWS01/110817028/1st-cop-returns-Detroit-under-Bing-offer-free-house?odyssey=tab|topnews|text|FRONTPAGE">officially welcomed its first resident</a>.</p><p>Currently, most Detroit police officers live outside the city. Project 14 aims to entice them back with generous housing incentives.</p> Wed, 17 Aug 2011 22:17:21 +0000 Sarah Cwiek 3801 at http://michiganradio.org First Detroit police officer gets new house with Project 14 Detroit, Bank of America announce "new partnerhip" http://michiganradio.org/post/detroit-bank-america-announce-new-partnerhip <pre> The city of Detroit and Bank of America have announced what both call &ldquo;the start of a new partnership.&rdquo; </pre> <pre> Bank of America says it will demolish 100 &ldquo;vacant and low-value&rdquo; homes in Detroit at their own expense. </pre> <pre> The bank says it will also donate 10 refurbished homes to the city&rsquo;s Project 14. Wed, 23 Mar 2011 18:23:57 +0000 Sarah Cwiek 1759 at http://michiganradio.org Detroit, Bank of America announce "new partnerhip"