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Michigan is currently #3 state of the US for foreclosures; and the thunderclouds are still rolling through as in Kent & Ottawa counties alone, 463 foreclosures have been posted in the last 30 days per the Grand Rapids Press. A combination of ugly loans made to less than credit worthy recipients, 5/1 & 3/1 ARM's from the refinance madness now maturing causing higher than expected payments, or the unfortunate demise of job loss has created a bees nest of an unruly housing market. Already being stung by a sluggish sales market, Michigan along with California and Florida is experiencing an unpresedented sales market like never seen in the last 30 … (0 comments)
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