I was reading this article titled “325,917 more Foreclosures Expected in Michigan by 2012” that would indicate the foreclosure crisis in Michigan is far from over. There were some amazing statistics given in the article for the number of foreclosures. What especially stood out to me is the article points out that it is not just the families losing their houses to a Michigan foreclosure who suffer, it is anyone who owns a house near a foreclosed property that also suffers loss of value in their house as foreclosed houses drive the market price down.
Articles like this are helpful I think to remind us that foreclosure is not just the problem of the family in foreclosure. Probably all of us living in Michigan have been touched by foreclosure either directly or indirectly because if we are not in foreclosure, someone who lives near us is. There are things you can do to get out from under the burden that a house facing a Michigan foreclosure can cause on a family. There are things you can help family, friends and neighbors do.
Working together, we can change this reality in Michigan. Tell everyone you know facing a Michigan foreclosure that they do have options. Have them call us to discuss those options. We are trained professionals who have been working with distressed families since 2002. We can get the distressed family back to better times, which will mean better times for all of us.
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