According to this article, things are actually much worse than most people think regarding the value of houses in the current Michigan real estate market. Unless your head’s been in the sand, you realize that house values in Michigan continue to decline. We all know that.
But human nature is a funny thing, isn’t it? We tend to think that it’s “everyone else’s” house, “not mine”. That’s one of the cool things about real estate – no two properties are the same, so it’s certainly possible that while 95% of the houses in Michigan have lost value over the last 3 to 4 hours, that yours is part of the 5% that hasn’t.
I know it’s tough to fight our nature, but unless you really are in that 5%, one of the first steps in solving a possible foreclosure situation is admitting to all of the realities for what’s going on. Both with your family’s finances, the hardship that’s caused you to get behind, and the real estate market.
Emily (aka “Mom”) can help you get your head around all that’s going on and help focus you on a plan to get you back to better time.
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