McGregor Fund grants $500,000 to help shield homeowners from tax foreclosure

  • McGregor Fund grants $500,000 over two years
  • United Community Housing Coalition will use funds to help 1,000 households in tax foreclosure
  • Funds will help enroll homeowners in Wayne County’s Interest Reduction Stipulated Payment Agreement

Detroit-based McGregor Fund has awarded $500,000 to the United Community Housing Coalition to help shield 1,000 Michigan homeowners from losing their homes to tax foreclosure. The program will help 600 low-income families cover the lump sum deposit required to enroll in Wayne County’s Interest Reduction Stipulated Payment Agreement, which reduces the interest rate from 18 percent to 6 percent for tax delinquent homeowners. Additional funds will go toward a skilled trades program to help 400 renters, who occupy homes in foreclosure, purchase and repair their homes. This includes 80 renters benefiting from the Quicken Loans Community Investment Fund’s $300,000 grant to help purchase tax delinquent homes from their owners.

UCHC Executive Director Ted Phillips said there are more than 50,000 properties in Wayne County facing foreclosure next year, with about 85 percent in Detroit and an overwhelming portion being houses.

In addition to the payment plan, UCHC helps the qualified homeowners get the poverty tax exemption, he told Crain’s.

“Homeownership gives families an opportunity to thrive and grow equity in their homes,” Phillips said in a statement. “But when foreclosed homes are purchased by investors at the tax auction, occupants are evicted, investor-owned homes are often neglected and blighted, and neighborhoods quickly destabilize. Keeping families in their homes directly benefits the families, their neighborhoods, and the city.”

The McGregor Fund grant will be distributed over the course of two years. Spokesperson Heidi Alcock said the group wanted to assist UCHC in its efforts to prevent foreclosure and evictions, which it began more than 15 years ago.

Read more

 

FRAUD STOPPERS CHAIN OF TITLE INVESTIGATIONSIf you are in foreclosure or you have lost your home to foreclosure and you want to sue for mortgage fraud or foreclosure fraud, FRAUD STOPPERS PMA can help you save time and money, and increase your odds of success, with a court ready Quiet Title or Wrongful Foreclosure lawsuit package. If you have received a Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) and you want to know how to respond to the Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) call FRAUD STOPPERS PMA today because our prove system can help you fight to save your home from foreclosure fraud and/or mortgage fraud. Our court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Packages includes a turnkey complaint (petition for damages), Bloomberg Securitization Audit, Expert Witness Affidavit, Application for Temporary Restraining Order (to stop a foreclosure sale or stop an eviction), Lis Pendens (to cloud the marketability of the title to the real property), and Pro Se education material that can show you how to win a Quiet Title Lawsuit or win a Wrongful Foreclosure Lawsuit. This entire court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Package can help you save thousands of dollars in legal fees and help you increase your odds of success. For payment options or more information on this court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Package please contact FRAUD STOPPERS PMA today at 844.372.8378 or open a case file for a Free Mortgage Fraud Analysis and Bloomberg Securitization Search to see if your current mortgage loan situation qualifies for a Quiet Title or Wrongful Foreclosure lawsuit today.

DON’T LET THE BANKS TRICK YOU!

Register for a FREE Mortgage Fraud Analysis and get the FACTS you need to make the right decision regarding your loan!

get-started-now

For information on foreclosure defense call us at 844-372-8378. We offer litigation support, admissible evidence, expert witness testimony, education, training, and support in all 50 states to attorneys and pro se homeowners.

Fraudstoppers PMA

Feel free to connect with us . . .

Address: 332 S Michigan Avenue Suite 1032 #F513 Chicago IL 60604-4434 Phone: 844-372-8378

Fraud Stoppers Logo

DISCLOSURE: NOTICE OF Copyright © 2017 FRAUD STOPPERS, FRAUD STOPPERS PMA. THIS SITE IS NOT INTENDED TO BE MISCONSTRUED AS LEGAL ADVICE. Legal Information is NOT Legal Advice: This site provides “information” that is only designed to help users safely cope with their own general legal needs. Legal information is NOT the same as legal advice — the application of law to an individual’s specific circumstances. FRAUD STOPPERS is a National Private Members Association (PMA). PLEASE TAKE NOTICE OF THE FOLLOWING MARS Disclosure[s] 12 C.F.R. 1015.: (1) FRAUD STOPPERS PMA is NOT Affiliated with any Government Agency or Any Bank Lender; (2) Even if YOU Accept any of  FRAUD STOPPERS PMA Products or Services Your Lender May Choose to NOT Change Your Loan.  FRAUD STOPPERS products and services are only available to Active Members of the FRAUD STOPPERS PRIVATE MEMBERS ASSOCIATION. To join FRAUD STOPPERS PMA click here: https://fraudstoppers.org/members-only/

Spread the love
Yum