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In this course, we have talked about laws that have the purpose of protecting consumers from mortgage loan situations that may cause financial distress. In
In this course, we have talked about laws that have the purpose of protecting consumers from mortgage loan situations that may cause financial distress. In this module, you learned about how Mortgage Assistance Relief Services (MARS) implements rules that address mortgage relief scams which take advantage of distressed homeowners. What is the status of foreclosures in the area/state where you live?
Consider and address in your response:
- Have the number of foreclosures in the last couple of years become fewer, more prevalent, or about the same as in the previous years?
- What is the cause of foreclosures either occurring or not occurring?
- Do you think there is or is not an improvement in distressed homeowners being taken advantage of by mortgage relief companies? Explain.
I live in DETROIT, MICHIGAN
ANSWER ASAP I WILL LEAVE GOOD REVIEW!
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