Money tree

Foreclosure Basics

Sept. 18, 2020
9 - 10 a.m.

Web based education
Log on from the comfort of your own home
or convenient place with Internet

While foreclosure rates have declined somewhat during recent years, the issue is not over and many households are still facing foreclosure. With the current COVID-19 crisis, the infectious disease caused by novel coronavirus, many have experienced a loss or reduction of income.  This webinar will describe the options to keep, sell or let foreclosure happen. National mortgage pre-foreclosure regulations and the timeline from the Consumer Financial Protection Bureau (CFPB) will be explained. Additional topics include the Michigan Foreclosure Timeline, steps in foreclosure prevention, what is in a Workout Package, the impact of foreclosure has on credit reports.  We will cover the CARES act and how it affects your mortgage and where to find a HUD certified Housing Counselor and other local resources.

Teagen Lefere & Nancy Latham, MSU Extension Program Instructors specializing in Financial and Homeownership Education

Registration is required for materials. Materials will be emailed to participant prior to session.


Michigan State University is committed to providing equal opportunity for participation in all programs, services and activities. Accommodations for persons with disabilities may be requested by contacting the event contact two weeks prior to the start of the event. Requests received after this date will be honored whenever possible.

Contact Information

For event information contact Teagen Lefere at 989-539-7805 ext. 5623 OR Nancy Latham at, 586-469-7609