Wayne County Foreclosure sales resume, but limited

Posted by Minni

Wayne County Sheriff Warren Evans resumes foreclosure sales but on a limited basis
Foreclosure sales in Wayne County will resume but on a much more “limited basis”, according to John Roach, spokesperson for Wayne County Sheriff Warren Evans.
But all homes up for foreclosure sales will not go though. “Only in the cases where single family homes or for residential the lender has to provide us with an affidavit that says either that there were no TARP (Troubled Asset Relief Program) monies involved in that mortgage, or, if there were TARP monies involved, that the homeowner have been availed a process to modify their mortgage,” Roach told Michigan Messenger. He added that all commercial and industrial foreclosure sales will go forward as usual.
However, as of Monday afternoon there were only about 20 properties that met the criteria for a foreclosure sale this week. “It’s Very small number that are going to sale at this point,” Roach said. He said 20 foreclsure sales ina week in Wayne county was a “far cry” from the 300-400 that come up for Sheriff sales each week in Wayne county.