The Michigan Mortgage Modification law, MCL 600.3205a to 600.3205d, which was set to sunset on December 31, 2012 was renewed for six more months by the Michigan legislature. The Mortgage Modification law provides a 90-day time frame in which delinquent mortgage borrowers can work with their lender to modify the loan allowing the borrower to avoid foreclosure. To support the law, the Consumer Finance Protection Bureau had issued proposed rules relating to delinquent borrower intervention and servicing in 2012 with a final rule expected on the matter January 21, 2013. The proposed rule has a time frame similar to current Michigan law. Many Michigan community banks preferred an extension of the state law rather than allowing it to expire, and transitioning into the new CFPB rules. The extension of the law to June 30, 2013, indicates that there will be further review in the near future and the legislature is taking a wait and see approach as to the Michigan market.
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In my role as Administrative Bishop for the Church of God, quite often we are faced with issues that involve local governments and municipalities. Many of these issues that arise in dealing with entities are land use related. I have found Dalton & Tomich’s experience and expertise in this area to be a valuable resource and asset in every situation.
Never one time during a year-long litigation process did Dalton & Tomich demonstrate anything other than Christ-like professionalism. They managed the legal details, while we continued to do church. How they managed themselves, managed our case, and represented our church set the table for me and our church to be where we are today.
Dalton & Tomich’s expertise and experience helped us through a very difficult legal journey, ultimately achieving a favorable outcome. Their personal interest in helping us went “above and beyond” just the call of duty.