Michigan is third in U.S. for foreclosures
Detroit News reporting this morning:
Michigan ranked third in the nation for foreclosure filings in 2007, with nearly 2 percent of all households in the state at risk for foreclosure due to defaulted mortgages, according to data released today.According to the county-by-county 2007 data released by RealtyTrac today:Throughout last year, 136,205 foreclosure notices were filed in the state, according to the report from RealtyTrac, an Irvine, Calif.-based company that tracks such statistics. Those filings affected 87,210 homes, or 1.95 percent of all households. Nevada had the most, with 3.4 percent of houses in a foreclosure activity, followed by Florida, at 2 percent.
The number of Michigan filings was 68.3 percent more than in 2006, and a whopping 282.2 percent higher than 2005. Nationally, foreclosures in 2007 were up 75 percent over 2006.
• Wayne County: 41,379 foreclosure filings in 2007, up from 24,545 in 2006, a 40.7 percent increase.
• Oakland County: 10,359 foreclosure filings in 2007, up from 5,040 in 2006, a 51.3 percent increase.
• Macomb County: 8,361 foreclosure filings in 2007, up from 4,867 in 2006, a 41.8 percent increase.
