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I usually try not to add fuel to the pessimistic fire that has engulfed the housing market over the last year and a half, but some stories need to be told. According to a February 13 article in the Detroit News, by Louis Aguilar, Wayne County posted the highest rate of home foreclosures among major metro areas in the nation during the month of January. The foreclosure rate was so high in fact, that it was 7 times more than the national average. Oakland and Macomb Counties have been hit pretty badly as well, and when you combine the foreclosure rates … (7 comments)
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