mortgage lenders http://michiganradio.org en More Michigan homeowners are underwater on their mortgages http://michiganradio.org/post/more-michigan-homeowners-are-underwater-their-mortgages <p>Michigan homeowners continue to struggle with underwater mortgages.</p><p></p><p>Realty Trac reports today that 38% of Michigan homeowners owe at least 25% more on their mortgages than their homes are actually worth.</p><p></p><p>Michigan trails only Nevada, Illinois and Florida for the percentage of home mortgages that are deeply underwater.</p><p>Realty Trac’s Daren Bloomquist says more homeowners in those states may be underwater on their mortgages, but home values are also rising faster than in Michigan.</p> Thu, 05 Sep 2013 04:52:00 +0000 Steve Carmody 14273 at http://michiganradio.org More Michigan homeowners are underwater on their mortgages More Michigan mortgage lenders turning to 'short sales' to avoid home foreclosures http://michiganradio.org/post/more-michigan-mortgage-lenders-turning-short-sales-avoid-home-foreclosures <p><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 12pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">A surge in so-called &lsquo;short sales&rsquo; is helping reduce the number of Michigan home falling into foreclosure.</span></p> Thu, 01 Mar 2012 06:01:01 +0000 Steve Carmody 6429 at http://michiganradio.org More Michigan mortgage lenders turning to 'short sales' to avoid home foreclosures 2012 may see a huge increase in home foreclosures in Michigan http://michiganradio.org/post/2012-may-see-huge-increase-home-foreclosures-michigan <p>Home foreclosures in Michigan are expected to increase in 2012.&nbsp;&nbsp;&nbsp;&nbsp;</p><p>The pace of foreclosure filings slowed in 2011 as mortgage lenders had to deal with new rules and lawsuits.&nbsp;&nbsp;&nbsp;&nbsp;</p><p>Daren Bloomquist is with <a href="http://www.realtytrac.com/home/">RealtyTrac</a>. He said most of the issues that slowed the rate of foreclosure filings have now been dealt with. But Bloomquist said there&rsquo;s always the chance that new obstacles will arise.&nbsp;&nbsp;</p> Mon, 02 Jan 2012 06:01:01 +0000 Steve Carmody 5597 at http://michiganradio.org 2012 may see a huge increase in home foreclosures in Michigan