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Mortgages are secured by a promissory note requiring the debtor to make timely payments to the lender. Failing to pay timely or to comply with other mortgage provisions such as maintaining insurance or paying property taxes will allow a lender to place a mortgage in default. The most powerful remedey that a lender has as a remedy to obtain it’s monies back from the debtor is to declare a default and foreclosure on the mortgage. Michigan foreclosures are either done judicially or by advertisement.
David Soble and his team have decades of experience successfully dealing with lenders and creditors and successfully resolving financial issues. Decide for yourself by giving us a call today at 888.789.1715.
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