As of March 16, 2009, Sheriff Warren Evans of Wayne County, Michigan discontinued his requirement for the TARP-related affidavits effective immediately. As stated in our previous client advisories on February 3, 2009 and February 25, 2009, Sheriff Evans instituted an affidavit system requiring lenders to disclose their acceptance of TARP funds and mitigation efforts prior to proceeding to foreclosure. The Sheriff has now discontinued any such requirements and is proceeding to complete foreclosures pursuant to Michigan law.

Go here to see a copy of the media alert from the office of Warren C. Evans, Wayne County, Michigan Sheriff.

If you have any questions, please contact Stuart A. Best, Esq. or Michael I. Rich, Esq.

Mr. Best is a partner in the Complex Litigation department in the Detroit office of Weltman, Weinberg & Reis Co., L.P.A. (WWR).  Mr. Best can be reached at (248) 786-3124 or via e-mail at sbest@weltman.com. Mr. Rich is an associate in WWR’s Real Estate Default Group, also located in the Detroit office. Mr. Rich can be reached at (248) 786-3137 or via e-mail at mrich@weltman.com.

Client Advisory is published by Weltman, Weinberg & Reis Co., L.P.A., an organization providing comprehensive creditor representation.  The information contained in this advisory is a summary of legal information and is not intended to constitute legal advice on specific matters or create an attorney-client relationship.  Contact any of our offices or visit our website at www.realestatedefaultgroup.com for more real estate related information, company facts and attorney profiles. ©2009