Mortgage Foreclosure Basics
April 5, 2023 12:00PM - 1:00PM
Contact: Nancy Latham at firstname.lastname@example.org or 586-298-2076; or Teagen Lefere at email@example.com or 989-539-7805, ext. 5623.
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While foreclosure rates have declined somewhat during recent years, the issue is not over and many households are still facing foreclosure. With the current COVID-19 crisis, the infectious disease caused by novel coronavirus, many have experienced a loss or reduction of income. This webinar will describe the options to keep, sell or let foreclosure happen. National mortgage pre-foreclosure regulations and the timeline from the Consumer Financial Protection Bureau (CFPB) will be explained. Additional topics include the Michigan Foreclosure Timeline, steps in foreclosure prevention, what is in a Workout Package, the impact of foreclosure has on credit reports. We will cover the CARES act and how it affects your mortgage and where to find a HUD certified Housing Counselor and other local resources.
Teagen Lefere & Nancy Latham, MSU Extension Program Instructors specializing in Financial and Homeownership Education
A few days before the session, you will receive an email with information and a zoom link. Registration is required for materials. Materials will be emailed to participant prior to session.