But the recovery has been unequal. Black homeowners are at a higher risk of foreclosure when forbearance rules expire, one nonprofit says.
Homeowners can request up to six months of additional relief, and the deadline for new applicants is now the end of June.
Wayne County estimates roughly 10,000 properties were scheduled for tax foreclosure this year, including about 3,200 owner-occupied homes.
Mayor Hillary Schieve said playing on the region's strengths and diversifying its economy helped revive the struggling, post-recession city.
In cities like Baltimore and Philadelphia, the number of homes in the early stages of foreclosure is higher than it was before the financial crisis.
The contracts often saddle would-be homeowners with expensive taxes and repairs.
Foreclosure activity fell in 2017 to a 12-year low, according to a new report by ATTOM Data Solutions. In 2017, 0.5 percent of all U.S. residential properties were in some stage of foreclosure — notice of default, scheduled auction or bank repossession. That’s down from a peak of 2.2 percent at the height of the […]
The mortgage crisis has a long tail in many communities, but is invisible in others.
Foreclosures are down, but home ownership isn't back up. What gives?