Is Michigan the Place to be?
Yes! Michigan is definitely the place to be especially with the kind of great employment benefits that people can get in the state. But that’s not all; you get a great climate, outdoor sports, positive educational environment, five great lakes, sandy beaches and some of the best foreclosure homes in Michigan. Events are galore and throughout the year Michigan witnesses some event or the other.
Michigan has state of the art infrastructure while a stimulating cultural and historical heritage makes up for the rest. The best part is whether you buy a new home or you buy Michigan foreclosed homes, the overall cost of living is quite reasonable. Let us look at an example: if you are earning $109,684 and you have a home in Columbus Ohio, and if you want to enjoy the same lifestyle as offered by Columbus, OH in Michigan then you will need to earn only $100,000.
Michigan offers an energetic business climate backed by 7,500 information technology companies, and eleven high-tech Smart Zones. Buying a home through Michigan house foreclosures is not that difficult at all as you may perceive. In fact all you need to do is find the right home and bid at the auction.
State of Michigan Foreclosures
Michigan went hand in hand with Ohio by documenting one of the highest foreclosure rates in February 2006. Michigan reported 10,343 homes entering some stage of foreclosure, which is more than twice the numbers that were reported in the previous month. So the state has recorded one new foreclosure for every 408 households. In January 2006, the foreclosure rate in Michigan was around one in every 366 households, and this gave the state a 2nd ranking. In spite of the current foreclosure rates in Michigan, the overall percentage increase has gone down substantially in the last couple of months.
It is predicted that in the next few months, the rates may go down in Michigan. Due to the number of filings in the last year, an inventory of Michigan foreclosure homes has been created. These homes belong to HUD, VA, banks and other lending institutions and are auctioned regularly. Some of the bank foreclosures in Michigan have even been sold at a 25% discount from the actual price of the home in the real estate market. In a way real estate is doing quite well in the state.
Now how do you find such homes? Of course you can search for them in the newspapers or contact the lenders or banks but in all probability, you will not get an updated and comprehensive listing. So the best way is to find Michigan foreclosure listings with online real estate agencies and companies. For that you will have to take their membership but you have nothing to lose. You will get a comprehensive list with details of each Michigan bank foreclosures including the area and the neighborhood.
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