Michigan Foreclosures Bucked National Trend, Surged Over 8%

by cassy82 | May 14, 2010 at 06:23 am

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Michigan foreclosures bucked the national trend of declining foreclosure activity in April. Foreclosure filings increased by more than 8 percent to a total of 19,173 postings.

Michigan foreclosures bucked the national trend of declining foreclosure activity in April, as they marked a jump of 8.3 percent from March and a stark contrast to the nationwide decline of 9.05 percent.

Michigan filings also marked a stunning 77-percent spike from April last year, although researchers explained that a change in the counting of default notices in the state in August last year contributed to the sharp increase rate.

By Cassiano Travareli