Wednesday, March 01, 2006

Number of Foreclosures Doubles in Michigan

Number of Foreclosures Doubles in Michigan: "Job losses in the state appear to be pushing up the number of people who lose their homes. Home foreclosures in Michigan have doubled in the last two years, making up more than 8% of the nation's total.
People are losing their homes in Michigan at 2.5 times the national rate. According to a website that monitors them, there are 503 homes in foreclosure in mid-Michigan alone. Ingham County has the highest number with 183, and with 127, Jackson County comes in at number 2. Economist Bob Cunningham says when it comes to the growing number of foreclosures"
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