Michigan Foreclosure Homes: Offering Buyers More Advantage

August 7th, 2007

The number of Michigan foreclosure homes has been rising steadily over the last couple of years. The state's mortgage problems have become so widespread that local residents have started to worry about the effects on home prices. Despite the seemingly grim outlook, experts are confident that the Michigan housing market can weather the current conditions. After all, the lows, in-betweens and highs of the market have been

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US Foreclosures Rate Reached New Records

July 25th, 2007

Despite efforts to control the worsening foreclosures situation in the country, the number of foreclosure filings for the first half of 2007 reached an all-time record high. There were a total of 926,000 foreclosure filings, up by 56 percent when compared to last year. In the states of Florida and California, home prices dropped by more or less 25 percent while in Michigan and Ohio, thousands of people in the automotive industry lost their job, [...]

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Michigan Foreclosures On a downward trend

June 5th, 2007

In the month of April the Michigan Foreclosures activity saw a drop of 20%. The total number of house foreclosure filings in the month of April was 6876 which is a 20% drop from the figure in March. The figure is 31% more than the figure reported during the same period last year. Michigan ranked 10th among the US states with one foreclosure filing for every 614 homes. The numbers in April were much better than at the beginning of the year when [...]

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Michigan Foreclosures Rate: Still Among the Highest in the US

March 20th, 2007

After two years, foreclosure rates in the United States are still at an all-time high. The reversing trend which began in early 2005 has yet to stop. At the end of 2006, nearly 1.3 million homes were recorded to have entered some stage of foreclosure. The state of Michigan was ranked second among the states with high foreclosure rates. As the year 2007 was ushered in, the rising Michigan foreclosures rate does not show any sign of slowing

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