Foreclosures in the city of Detroit and nearby suburbs

[renf]

Is there any organization or individual who has been helpful in resolving the numerous challenges to home owners and neighborhoods that result from foreclosures in and near Detroit?
Thank you very much.

[DetroitPlanner]

The best people to contact would be the county treasurer offices. It is in their best no interest in seeing a property does not go into foreclosure as it not only impacts the ability for that property to generate income, but often leads to the adjacent properties to SEVs to fall.

[campbellsimon]

The Obama Administration has implemented a number of programs to assist homeowners who are at risk of foreclosure and otherwise struggling with their monthly mortgage payments. The majority of these programs are administered through the U.S. Treasury Department and HUD.

Here are a few of the programs available to home owners who are at risk of foreclosure. Contact your lender to see if you are eligible:

The Making Home Affordable © [[MHA) Program is a critical part of the Obama Administration's broad strategy to help homeowners avoid foreclosure.

Home Affordable Modification Program [[HAMP): HAMP lowers your monthly mortgage payment to 31 percent of your verified monthly gross [[pre-tax) income.

Principal Reduction Alternative [[PRA): PRA was designed to help homeowners whose homes are worth significantly less than they owe by encouraging servicers and investors to reduce the amount you owe on your home.

Home Affordable Refinance Program [[HARP): If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP.

There are also programs for underwater mortgages, unemployed home owners and for those looking to transition to more affordable housing. Here are a few links to learn more:

http://portal.hud.gov/hudportal/HUD?...ng_foreclosure
http://www.bankforeclosuressale.com/...-11094064.html