BILL SPENCER SAYS THE COUNTY IS OFFERING A REVOLUTIONARY NEW PROGRAM THAT REALLY IS DIFFERENT
New Program Can Help Save Your Home (WXYZ) - This year an estimated 80,000 homeowners are expected to lose their houses to foreclosure in Wayne County alone.
When it comes to housing foreclosures and the auctions that follow them…. there is one thing you can be sure of… that there will be more.
More lost homes… more broken dreams.
Woman: “It means so much to us… it’s not just a house."
Michelle Thomas/autoworker: "I thought, I was going to lose everything, everything."
41-year-old Mchelle Thomas, a single mother raising 4 children, was just weeks away from losing her 3 bedroom detroit home to foreclosure.
An auto worker…. making seats for Ford Motor Company… her 40-hour work week was cut to just 20 hours. She quickly fell five thousand dollars delinquent on her house payment.
”I’m struggling… really hard."
”we are in a epidemic crisis… to save as many homes as we possibly can.”
”So you’re here for us to hopefully…. loan modification…. affordable.”
Fortunately for Michelle… and tens of thousands of other Wayne County homeowners in danger of losing their homes, Wayne County Executive Robert Ficano has launched a radically different mortgage rescue program unlike any other government-based program in the nation.
Ficano: ”I told them I don’t want some fly by night…. any foreclosure in wayne county.”
”What was the even that caused you to have problems with paying your mortgage payment.”
Created by veteral real estate attorney… Jameel Hage
The Wayne County Mortgage Foreclosure Prevention Program... is different… because instead of throwing a bunch of legal papers at you and saying “good luck”.
”Hi how are you… I'm Micheelee your foreclosure prevention specialist."
With the Wayne County program, every homeowner is assigned their very own… professional foreclosure prevention specialist….
A person who not only walks you step by step through the application process… but then negotiates for you with the mortgage lender.
”We try and get the bank to …. time to make the payment.”
”We’ve been able to lower your mortgage from… to $1414.85”
In … Charles Clark’s case… an army veteran who recently lost his wife to cancer… forclosure prevention specialists were able to cut his monthly mortgage payment in half… and they lowered his interest rate from 9-point-8 percent to just 5 percent.
”You look over my shoulder… hurt somebody or something.”
And for Michelle Thomas and her four kids… the Wayne County Foreclosure Prevention specialists were able to get the bank to wipe out more than five thousand dollars in delinquent payments… they lowered her interest rate from
11-point-5% to 6-point-2 percent…. and they lowered her monthly payment from $802.99 to 489.65 dollars…
Michelle felt like she’d won the lottery.
”I actually got down on my knees…. thanking God.”
December 3, 2008
Executive Robert Ficano Hosts Michigan State Spartan Pre-game Event
On Wednesday, December 3, more than 70 invited guests enjoyed a fabulous evening on the 32nd floor of the historic Guardian Building.
Ficano seeks support of his ad campaign defending automakers
Today, Executive Robert Ficano in partnership with Detroit Regional Chamber, has launched a new website: americanautoindustryrocks.com
to promote support for U.S. automakers.
On Wednesday, December 3, more than 70 invited guests enjoyed a fabulous evening on the 32nd floor of the historic Guardian Building.
Today, Executive Robert Ficano in partnership with Detroit Regional Chamber, has launched a new website:
The Wayne County Department of Health and Human Services will present its new Wayne Babies…
