Since the late ’90s, the Southfield/Michigan City area has been the subject of foreclosure litigation. Most of the houses in that area were foreclosed back in the ’80s or ’90s, but now they are back up to the front page of the local newspaper. In fact, the whole area is so blighted, and the home prices here are so on the decline, that it is a real shame that they left.
It’s almost like the homes were never really foreclosed on, but rather, the lenders simply moved them on to the foreclosure rolls. And this is what happens when homeowners are allowed to keep their houses because they have too much equity in them. When that equity is gone, there is nothing left to sell, and the foreclosure process is triggered.
I would much rather have a home that hasn’t been foreclosed on, but instead has been taken out by the banks and has been sold at foreclosure for a few months. It’s been such a relief to me that I can have a home that has been waiting for a very long time now.
I think that’s the best thing about foreclosed homes. Like most people I know, I have a lot of friends who have been through the foreclosure process. I don’t have a lot of friends who havent, but I’d love to know what it’s like for you.
I have two friends who have been through foreclosure homes and both of them are very happy with their new places. One of them is the owner of a home that was foreclosed on and bought from the bank several years ago. She has a new home that she paid for through her own savings, and I can’t wait to see the first pictures of her new place. The other friend is the property manager for one of the homes that was foreclosed on and bought at foreclosure.
The stories are pretty similar. The owner had a rough time finding a new place to live, but it was worth it to her because her home is now worth $300,000, and she has a great new place waiting for her. Her new place has a large backyard, a pool, and a great view. The property manager, on the other hand, has gone through two homes and is now living in a small town.
My guess is that she probably has a lot of family close by, so maybe she feels she can keep going. But that doesn’t necessarily mean that the money is worth it to her.
The problem is that home values in Michigan tend to rise and fall according to the economy and the market. So when the economy is bad and the market is bad, these homes can drop in value. That’s why you’re seeing homes with really awful value drop to $300K. And the same thing happens to people who have good credit and good jobs.
A lot of people look at foreclosed homes in Michigan and think, “Well, it’s a foreclosure, but it’s not that bad.” But if you’re in a foreclosure, you’re in a foreclosure because your house is worth less than it’s worth on the open market. And for some people, that means they’re on the verge of losing everything they own.
I was talking to a friend who lives in a foreclosure. He said that when he first moved out of the house, he had the money to buy a new car. But then he bought a used car. And then he got a job. And then he got a new house, but then he got in a fight with his ex-wife, who was trying to evict him, and he was in so much debt that he couldn’t buy a new car.