Monday, December 22, 2025

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Homeowner never misses a payment, loses house at auction

Michigan homeowner frustrated

When a Michigan family invested in an untraditional mortgage, they had no idea that after a $20,000 investment and never missing a monthly house payment would still lead to their eviction.

The family purchased their home through KMS Property Management who NBC25 says is the subject of various investigations for not paying their bills and leaving homeowners’ houses vulnerable, including this family whose home was just sold at auction for $73,000.

“From my understanding, it’s just a loss,” the homeowner told NBC25. “We are willing to work with somebody and do whatever it takes to stay in our house.”

Tara Steele, Staff Writerhttps://therealdaily.com/author/tara
Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

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