Mortgage Foreclosure Basics 05/18/2021
May 18, 2021 2:00PM - 3:30PM
Log on from the comfort of your own home
or convenient place with Internet
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 registration link. Registration is required for materials. Materials will be emailed to participant prior to session.