Absolute Michigan's Michigan Blog: Michigan Foreclosure Rate Soars

Monday, February 27, 2006

Michigan Foreclosure Rate Soars

The Detroit News reports that the number of homes uder foreclosure in Michigan doubled from 2004 to 2006 to a rate that is 2 1/2 times the national average. According to foreclosure.com, Michigan had 8,240 homes in active foreclosure on Monday, 8.6% of that nationwide total of 96,019. Our population is only 3.4% of the national average.

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# posted by farlane @ 9:33 AM

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