Foreclosures Find The Auction Block
July 13, 2009
More than 100 houses are hitting the auction block in states
like Minnesota, Michigan
and Wisconsin
this week, as lenders increasingly endeavor to clear their books. $2500 of good
faith money will be required for each property obtained, and most are in Minneapolis, Milwaukee and Detroit. These are just a few of the hardest hit regions in the houseing industry. Detroit ranks amongst the highest regions for foreclosures. Kentucky was less affected by this as it doesn't have the high support from the GM auto industry
http://www.foxbusiness.com/story/foreclosed-homes-head-auction-block-minnesota-wisconsin-michigan/