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Tagged: mortgage lenders

Economy
1:01 am
Mon January 2, 2012

2012 may see a huge increase in home foreclosures in Michigan

Credit (photo by Steve Carmody/Michigan Radio)
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Home foreclosures in Michigan are expected to increase in 2012.    

The pace of foreclosure filings slowed in 2011 as mortgage lenders had to deal with new rules and lawsuits.    

Daren Bloomquist is with RealtyTrac. He said most of the issues that slowed the rate of foreclosure filings have now been dealt with. But Bloomquist said there’s always the chance that new obstacles will arise.  

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