Breaking News
Security
Entrepreneur's Corner
More...
 
Quick Register
 
 
 

  Home
 
 
 
  Tech Jobs
 
 
 
 
  Biotechnology
  Breaking News
  CleanUpdate
  Cyber Defense
  Entrepreneur's Corner
  Guest Columns
  New Products/Contracts
  Politics
  Webcasts

Content Partners:
MIIndia.Com
GRAPEGR
Automation Alley
Gongwer News
Mid MI Innovation Center
GLREA
Blue Water Angels
MI-SBTDC
MI Venture Capital
Great Lakes Angels
Ann Arbor Angels
Motor City ISSA

Advertisers:



 

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 Foreclosure.com 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."

Foreclosure.com 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