Image of a money tree branch at top of page.

Mortgage Foreclosure Basics

June 11, 2024
12 - 1 p.m. ET

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. 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 and 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

A few days before the session, you will receive an email with information, resources and the ZOOM link. Registration is required for materials. Materials will be emailed to participants prior to session.

COST: FREE

Accommodations

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 leferete@msu.edu or 989-539-7805 -or- Nancy Latham at lathamn@msu.edu or 586-298-2076.