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2. Bill McMachen of Michigan Buys Hundreds of Foreclosed ... - AOL

   www.aol.com/news/2012-08-03-bill-mcmachen...

   Bill McMachen of Michigan Buys Hundreds of Foreclosed Properties, Dirt Cheap. Teke Wiggin. Updated July 14, 2016 at 9:36 PM. For around $4.7 million, you might be able to snag one gleaming, top-of ...

3. Michigan's top court gives big victory to people trying to ...

   www.aol.com/news/michigans-top-court-gives-big...

   The Michigan Supreme Court said Monday that its 2020 decision stopping local governments from keeping cash windfalls from the sale of foreclosed homes can be applied retroactively, meaning that ...

4. Michigan Supreme Court weighs in on tax foreclosure profits ...

   www.aol.com/michigan-supreme-court-weighs-tax...

   In another case, the state of Michigan foreclosed Lynette Hathon and Amy Jo Denkins’ property in 2018 for nonpayment, sold it for $28,250 at the auction and retained the surplus proceeds. They ...

5. 2000s United States housing bubble - Wikipedia

   en.wikipedia.org/wiki/2000s_United_States...

   t. e. The 2000s United States housing bubble or house price boom or 2000shousing cycle[ 2 ] was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in ...

6. Equity stripping - Wikipedia

   en.wikipedia.org/wiki/Equity_stripping

   Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s. In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease the home to the homeowner ...

7. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...