Soaring Michigan bank foreclosure rates

The year 2007 started with an increase in the number of Michigan bank foreclosures. In reality the foreclosure rate had doubled in the period between 2004 and 2006 and the trend continued through 2007. By the 2nd quarter of 2006, there were 8,240 Michigan foreclosure homes that were available for investment purposes. By the end of the year, the foreclosure rate was one per 904 homes. Most of the foreclosure rates were based on facts and figures taken from the top 10 cities of Michigan including Warren, Grand Rapid, Burton, Detroit, Grand Blanc, Dearborn, Lansing, Flint, Southfield, and Jackson. Your ideal bet should be Michigan foreclosure homes because you can get a good discount ranging from 10%-15% of the market price. There is a huge variety of Michigan home foreclosures available from REO to VA, HUD homes, fixer-upper, distressed property, handyman specials, and even commercial property.

Find Michigan foreclosed home listings

For a new homebuyer, it may be a little difficult to find Michigan bank foreclosures. Hence we at ForeclosureConnections.com are offering you a deal that you just can’t refuse. Register with us for a 7-day trial membership and browse through our comprehensive and updated Michigan foreclosure listings. You will get privileged access to all the important information regarding Michigan bank foreclosures for sale like the price of the home, the location of the property, the number of beds/baths, optional space if any, and then there are images of each of the property. There are more than 5000 Michigan foreclosures that you can browse through and everyday we update the list so that you don’t miss out on any good deal after all you deserve nothing but the very best. So here’s your opportunity to find your dream home from our list of Michigan bank foreclosures.

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