Wayne County ranks worst in the nation for foreclosures
Wayne County ranks worst in the nation for foreclosuresDefaults soaring in state
Wayne County ranks worst in the nation for foreclosures
Brian J. O'Connor / The Detroit News
February 27, 2006
DETROIT -- Katherine Ben-Ami closed on 11 homes a minute Wednesday.
If she were the world's fastest real estate agent, that would be good news, but the sad fact is Ben-Ami is an attorney for the Wayne County Sheriff's Office, and in 35 minutes she supervised the auction of 379 foreclosed Wayne County homes.
"Wednesday's always been a big day," she said, "but not this big."
For hundreds of people each week, Michigan's sputtering economy literally hits home.
After recording more than 9,000 foreclosures in 2005, Wayne County ended January with 3,364 homes in active foreclosure, the highest of any county in the nation by more than 1,000, according to statistics compiled by Foreclosure.com of Boca Raton, Fla.
While Wayne County is ground zero, foreclosures are rising throughout Metro Detroit and Michigan. Active foreclosures in Oakland and Macomb counties and the entire state have doubled in the past two years.
You can read the entire Detroit News Story here;
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Comments
Wow, never heard that it was that bad there. It's never mentioned on the news. Hopefully the economy will turn around. Although if you're into flippin repos maybe that's not a good thing.
Best of luck.
Posted by: Tim | March 6, 2006 02:16 AM
Wow... That's crazy
Posted by: n r | March 8, 2006 12:13 AM