Elk Rapids is a village in Antrim County in the U.S. state of Michigan. The population was 1,700 at the 2000 census. The village is located within Elk Rapids Township, near in proximity to Traverse City. Elk Rapids is a suburb. It is physically split by the Elk River, which runs between nearby Elk Lake and Grand Traverse Bay. The village is currently taking steps to ensure that its unique main street with local shops remains intact by restricting development by national chains until the Village Council can work out a long term development plan according to the Town Meeting, October 17, 2008. It has a quaint main street with a collection of small shops selling knickknacks.

Foreclosure Law Lawyers In Elk Rapids Michigan

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What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Michigan

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...

Federal court opinions concerning foreclosure law in Michigan