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Investors involved in flipping repo houses found Michigan a profitable market in 2010 as repossessions reached record levels in the area. The state was seventh countrywide in terms of foreclosures.

Distressed property auction sales have attracted buyers in Michigan. Despite declining property values, analysts hope the housing sales will help the area recover.

Cheap homes for sale and empty foreclosed houses continue to increase in certain Michigan neighborhoods. The problem prompted nonprofits to set up a task force.

Real estate owned properties and other foreclosures owned by non-local people are falling into disrepair in Michigan. A number of them can be found in Detroit.

HUD homes and foreclosed properties have held back home construction in Michigan in the past. Analysts have stated though, that new houses are on the rise.

Federal Home Loan Mortgage Corporation foreclosure and bank foreclosures in Michigan remain high. Borrowers are blaming the state's foreclosure processing law.

From Yahoo News: By John Whitesides FLINT, Mich. (Reuters) - Democratic presidential contenders Bernie Sanders and Hillary Clinton sparred in a debate on Sunday over who had the best chance to beat Republican front-runner Donald Trump, and mocked the level of discourse in the Republican White House race. Near the end of a Michigan debate that featured sharp clashes over trade and the auto industry bailout, as well as a lengthy discussion of religion, Clinton and Sanders both said they could not wait to face the brash billionaire in the Nov. 8 election to succeed Democratic President Barack Obama. "I think Donald Trump's bigotry, his bullying, his bluster, are not going to wear well on the American people," Clinton said.

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Listings of short sales and foreclosures are providing Michigan with homes to restore. The state is using NSP funds to rehabilitate and sell distressed houses.

Bank owned homes for sale remain high in Michigan, causing analysts to question the soundness of new subdivisions. In Flint, an old one is set to be restarted.

Bank owned condominiums and foreclosures affected most people in Michigan, even police officials. The city of Detroit has launched a program to assist them.

Distressed homes and foreclosures are expected to contribute to a drop in property values in Oakland County. Assessors are predicting values to fall in 2011.

Illinois encompasses the Great Lakes Plain, which goes along Lake Michigan, the elevated Drift less Plains in the northwest and the Till Plains in the north. Arcengine offering CAD Drafting, land survey drafting, BIM & 3D Services based in illinois and0 USA area. We provide services to Land Surveyor, Architect, Homebuilders, Real-Estate agents.

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Several multimillion residences have been sold or about to be sold in Detroit foreclosures auctions. The latest is a Novi home worth at least $18 million prior to the housing market crisis.

Sep. 26th thru Sep. 30th Assets to Be Sold: 90, Asset Type: Residential, Auction Type: Online

In Detroit, sales of properties in foreclosure auction listings are being held back by appraisal laws. Agents have complained that appraisals are too low.

Several foreclosed single-family houses will be either redeveloped or demolished as part of a neighborhood revitalization effort in Leoni Township. The program is financed by U.S. federal funds.

Bank owned land sale and residential foreclosure sales often fail to get enough to cover outstanding debts. Lenders are using mortgage deficiency to get more.