Charter Township of Comstock - February 18, 2026 Homelessness Committee Meeting
In the Homeless Committee Meeting, real estate expert James Chrysler presents on the rising issue of foreclosures and distressed properties in the area. He highlights that foreclosures are increasing significantly in seven counties, attributing this trend to skyrocketing home values and buyers acquiring homes beyond their means. Chrysler advises that banks are willing to work with homeowners to prevent foreclosures by extending redemption periods and restructuring mortgages. The committee discusses the implications for the community and potential resources to assist affected residents. The meeting also touches on the challenges of low-income housing development.
00:00:00 Welcome to the Committee Meeting
00:00:25 Public Comment Rules Discussion
00:01:03 Presentation by James Kreitzer on Foreclosures
00:16:11 Thomas’s Absence and Rescheduling
00:17:20 Public Comment and Adjournment
