first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Michigan Governor Signs Legislation to Mitigate Foreclosure Issues A news outlet in Detroit said officials from the city and Wayne County have taken action against problems it has had with foreclosures. Michigan Gov. Gretchen Whitmer signed a bill into law Monday, allowing for relief on late payment fees, back taxes, and fines.  A report said 31,000 low-income residents in Wayne County can qualify for the program. Detroit Mayor Mike Duggan said there are hoops to jump through when signing up fo4r the Pay as You Stay Program. “Fill out that form and get it in, and if you get it in and it gets approved by the city by March 28, treasurer Eric Sabree will stop any foreclosure process right now,” Duggan said.The income thresholds are on a sliding scale, starting at $22,000 or less for an individual or $32,000 with a family of four.Detroit announced Wednesday it is expanding its Homeowners Property Tax Assistance Program (HPTAP).The main change to the program is that it will now offer a 25% property tax exemption to homeowners within certain income thresholds. Previously, homeowners could qualify for either 50% or 100% property tax exemptions if their incomes were below certain amounts. Now homeowners earning above those amounts can also qualify for some tax assistance.The program previously offered 100% property tax exemptions to families of two earning $22,754 or less. Families of two earning $23,336 or less could qualify for a 50% property tax exemption.Under the updated program, families of two earning $25,703 or less can qualify for a 25% property tax reduction. For a full chart of income eligibility and information on applying for a full or partial property tax exemption, residents can visit the city of Detroit’s website. The city is now accepting applications.“This year we set out to increase the number of Detroit families assisted through HPTAP, and I am proud of our work in collaboration with Quicken Loans Community Fund, United Community Housing Coalition, and community groups to meet this goal,” said Detroit Chief Financial Officer David Massaron with the announcement of the HPTAP program expansion. Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, News  Print This Post Foreclosure Legislation Michigan 2020-03-03 Mike Albanese March 3, 2020 2,043 Views Related Articles The Best Markets For Residential Property Investors 2 days ago Share Save Michigan Governor Signs Legislation to Mitigate Foreclosure Issues Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Tagged with: Foreclosure Legislation Michigan Servicers Navigate the Post-Pandemic World 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Industry Reacts to Fed’s Coronavirus Response Next: Was Subprime Lending Really to Blame for Great Recession? Subscribelast_img read more