Foreclosure deadline extended for Wayne County homeowners

As tens of thousands Detroit homeowners stare down the barrel of foreclosure, a lifeline is tossed out from the Wayne County Treasurer's Office.

Stop foreclosures and evictions. That's the message delivered outside the Wayne County Treasurer's Office Tuesday, the deadline homeowners had to enroll in a plan to save their homes. Inside, hundreds of people were still trying to work out payment plans to stay in their domiciles but were quickly running out of time.

Lea Coaster is fighting foreclosure on her home but found she didn't get the help she needed.

"They're giving you anywhere from three to five hours up there," she said.

Cheryl West was evicted from her home. She said Detroit is bordering on the worst possible outcome.

 "This has got to stop. We're on the verge of another riot. I hate to say that, but we are."

There is good news for homeowners. With 16,000 occupied homes still in foreclosure, Deputy Treasurer Dave Szymanski said the Treasurer's office extended the deadline.

 "We want people to know that although today's the day to get down here. The world doesn't end tomorrow," Szymanski said.

And there's more good news too. He says new legislation allows for homeowners to enter payment plans with reduced interest rates down from 18 to six percent.
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