Ongoing Coverage:

Podcasts & RSS Feeds

mortgage lenderRSS
All ContentRSS
View all podcasts & RSS feeds

Michigan Voices

Sarah Alvarez
Sarah Alvarez
Public Insight Journalist
John U. Bacon
John U. Bacon
Essay/Analysis: Sports Commentator
Mark Brush
Mark Brush
Reporter/Producer
Cynthia Canty
Cynthia Canty
Host, Stateside with Cynthia Canty
Steve Carmody
Steve Carmody
Mid Michigan Reporter/Producer
Zoe Clark
Zoe Clark
Reporter/Producer
Sarah Cwiek
Sarah Cwiek
Sarah Cwiek - Detroit Reporter/Producer
Vincent Duffy
Vincent Duffy
News Director
Dustin Dwyer
Dustin Dwyer
Reporter/Producer
Emily Fox
Emily Fox
Morning Edition Producer
Lester Graham
Lester Graham
Investigative Reporter
Jennifer Guerra
Jennifer Guerra
Reporter/Producer
Sarah Hulett
Sarah Hulett
Assistant News Director
Jack Lessenberry
Jack Lessenberry
Essay/Analysis: Political Commentator
Mercedes Mejia
Mercedes Mejia
Reporter/Producer
Rina Miller
Rina Miller
Reporter/Producer
Jake Neher
Jake Neher
MPRN Capitol Reporter
Kyle Norris
Kyle Norris
Reporter/Producer
Mike Perini
Mike Perini
Host - Middays
Rick Pluta
Rick Pluta
Reporter / Producer - Michigan Public Radio Network
Tracy Samilton
Tracy Samilton
Auto Reporter/Producer
Christina Shockley
Christina Shockley
Host - Morning Edition
Lindsey Smith
Lindsey Smith
West Michigan Reporter/Producer
Kate Wells
Kate Wells
Arts & Culture Reporter/Producer
Jennifer White
Jennifer White
Host - All Things Considered
Rebecca Williams
Rebecca Williams
Reporter/Producer - The Environment Report

Tagged: mortgage lender

Economy
1:01 am
Thu March 1, 2012

More Michigan mortgage lenders turning to 'short sales' to avoid home foreclosures

Credit (photo by Steve Carmody/Michigan Radio)
(file photo)
Share
E-mail
Comments
By

A surge in so-called ‘short sales’ is helping reduce the number of Michigan home falling into foreclosure.

It’s a trend that may eventually help Michigan’s struggling real estate industry.

Pre-foreclosure sales, also known as ‘short sales’,  are where banks agree to sell a home for less than what’s owed on its mortgage. 

Read more