Pontiac is a city in the U.S. state of Michigan named after the Ottawa Chief Pontiac. As of the 2000 census, the city had a total population of 66,337. It is the county seat of Oakland County. Considered a satellite city of Detroit, it is surrounded by affluent Metro Detroit suburbs. The city is best-known for its General Motors manufacturing plants (GM's primary truck plant was formerly in Pontiac) and the GM automobile brand, Pontiac, which was first produced in and named after the city. Also of note is the Pontiac Silverdome, the stadium that hosted the Detroit Lions from 1975 until 2002 when they moved back to Downtown Detroit. On February 20, 2009 the State of Michigan placed the city into receivership, and the Department of Treasury appointed Fred Leeb the city's emergency financial manager in March 2009.

Foreclosure Law Lawyers In Pontiac 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...