Residential real estate market information for Metro Detroit's Northern Suburbs brought to you by Realtors Maureen Francis and Dmitry Koublitsky of SKBK Sotheby's International Realty. Monthly market statistics for home owners in Oakland County. MLS listings available on our web site:

Sunday, July 31, 2005

Bank finds jobs for unemployed mortgage clients

Dmitry scans the lists of Oakland County real estate foreclosures every week to identify potential investment opportunities for his clients. An article in today's Detroit News discusses a Kansas City bank that helps its clients avoid losing their homes to foreclosure. They've found that job loss is the reason that most people stop making their mortgage payments. So NovaStar has established a program to help those clients find new jobs. Since last August the banks has helped 16 Michigan homeowners find new jobs.

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