As anyone looking for a home in Michigan can tell you "Where did all of the Livonia, Northville and Novi Michigan Home Foreclosure for sale go"? According to many statistical reports there should be more on the market than ever!! Here is what we are experiencing personally in real estate sales and I'm sure so are many others. Below is a statistic I got from a USA Today article.
| State | Total properties w/ filings | Change from 2008 |
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| California | 632,573 | 20.8% |
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| Florida | 516,711 | 34.1% |
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| Arizona | 163,210 | 39.6% |
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| Illinois | 131,132 | 31.8% |
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| Michigan | 118,302 | 11.5% |
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| Nevada | 112,097 | 44.3% |
As we notice Michigan according to this has 11.5% more foreclosure filings at the end of 2009 than we had at the end of 2008. Well one thing that is reducing the number hitting the market is the government's "trial modifications" program currently up and running across the country. I did see mention of this in the article but have to add I have had a few listed home's qualify and notify me to take their house off the market as they received a mortgage modification. Also we are noticing an increase in demand of foreclosed homes for sale, so they are selling much quicker than we were seeing over the past 3 years.
If you would like to view some local foreclosed homes for sale in Livonia, Northville and Novi Michigan visit www.BobandTeena.comor www.RealEstateBusyBees.com anytime.
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