Breaking News
Entrepreneur's Corner
Quick Register

  Tech Jobs
  Breaking News
  Cyber Defense
  Entrepreneur's Corner
  Guest Columns
  New Products/Contracts

Content Partners:
Automation Alley
Gongwer News
Mid MI Innovation Center
Blue Water Angels
MI Venture Capital
Great Lakes Angels
Ann Arbor Angels
Motor City ISSA



Sunday, April 30, 2006

Michigan One Of Leading States For Home Foreclosures

BOCA RATON, Fla. - Michigan is one of five states in March that lead the nation in foreclosed homes, reflecting a nationwide increase in residential foreclosures currently playing out across the United States, new data and analysis from contends.

Other leading states include Texas, Ohio, Georgia and Indiana. In addition to having the largest number of foreclosed homes in the nation, these five states also experienced some of the fastest month-over-month growth in foreclosures among all states.

Texas, which led the nation in foreclosed homes, experienced a 38 percent increase in its total number of residential foreclosures during March. The total number of foreclosed homes in Ohio, Michigan, Georgia and Indiana also increased in each state by about one third - an average of 33 percent - last month.

"Markets that benefited disproportionately from the housing boom over the last five years are most susceptible to foreclosures," said Foreclosure.Com CEO Brad Geisen. However, as our March data indicates, even areas where home prices didn't appreciate as quickly are now seeing increased foreclosures." delivers foreclosure data for banks and real estate brokerages to small, private investors and first-time home buyers.

Author: Staff Writer
Source: MItechnews.Com

Copyright © 2000-2010 all rights reserved Michigan News Network. Site Designed by: PIXELBIT New Media