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January 31, 2009

Ottawa County reports near doubling of homes heading toward foreclosure

Press Photo/Jon M. BrouwerColdwell Banker’s Brett Patterson, right, and Jared Thompson inspect a foreclosure home in Southeast Grand Rapids last week. The tough economy is being felt in local county treasurer’s offices, which are seeing more and more homeowners struggling

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Fifth Third action seeks $2.4 million foreclosure

Fifth Third Bank has filed a $2.4 million foreclosure action against the owners of a Sylvania Township development firm and its sister company, which creates computerized architectural renderings. The lawsuit, filed this month against Rose Development LLC and Art Associates Inc., Ronald W. Rose Jr., Betty Rose, and four other parties, alleges delinquencies in six business loans and three

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Freddie Mac loosens foreclosure rules

WASHINGTON (Jan 31, 2009) — U.S. mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure.
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Foreclosure’s Final Act

The court clerk calls his name, and Harry Rexrode, not entirely sure what to do, steps to the defendant’s table. He is dressed in jeans, a flannel shirt with dried paint spattered on the sleeves and work boots. He has no attorney.

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Freddie Mac Announces New Foreclosure Policies

Mortgage finance company Freddie Mac said it will allow some borrowers to rent their homes after losing them to foreclosure.

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