The state of Michigan, whose automotive industry has been deeply impacted by the recession, also currently has one of the nation's highest foreclosure rates. Homeowners facing the prospect of losing their houses are, with the help of legal counsel, considering new ways of avoiding foreclosure. What options do homeowners have for fighting a foreclosure or adjusting their mortgage? How have attorneys changed their strategies to assist clients in default? How has Michigan modified its foreclosure statutes in response to this situation? Michigan Foreclosure Defense and Modification Strategies provides feedback from some of Michigan's leading legal minds on the unique challenges of working with foreclosed properties in the Michigan market. These experts analyze the foreclosure trends in the state and propose best practices for defending distressed homeowners, including loan modifications, short sales, and bankruptcy. This in-depth report offers readers an on-the-spot look at this issue as it continues to unfold.
Chapters Include:
1. Jennifer S. Bidwell, Partner, Bidwell Tovarez PLLC- "Saving Your Client's Home: Mortgage Modification and Bankruptcy Options"
2. William D. Johnson, Owner, Acclaim Legal Services- "Foreclosures: Reorganizations and Homeowners Legal Options"
