Detroit State Among Highest in Nation for Foreclosures

Crain's Detroit Business: "Michigan and metro Detroit are among the hardest-hit areas of the country for residential foreclosures this year.
The region has both a steady stream of new foreclosures and a growing inventory of foreclosed homes that haven't sold. As of October, the number of active foreclosures stands at 7,607 statewide, an increase of 44 percent from a year ago. Metro Detroit's foreclosures represent more than half that."
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