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Related News and Articles:
Buying foreclosed home can -- sometimes -- make best of bad situation
While Michigan foreclosures continue to increase, especially in the Detroit area, they provide great home buying opportunities for investors and first-timers.
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Citigroup to offer help to 500,000 risky mortgage customers
Citigroup plans on ceasing all foreclosures in an attempt to help the nationwide foreclosure problem. Those facing foreclosure that will be reviewed for assistance must have the home listed as a primary residence.
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Only Halfway Through the Foreclosure Crisis?
While discouraging for the economy, this may mean there are still plenty of home buying opportunities available for first-time buyers and investors. Foreclosures are making up the majority of homes on the market. And foreclosure sales may be just what it takes to beef-up a lagging housing market.
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Grand Rapids realtors: 63% of homes on market in foreclosure
With Michigan foreclosures on the rise, a majority of the market is comprised of foreclosures. However those Michigan foreclosures may boost the market as those at low or moderate asking prices will sell.
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Michigan gets $263.6 million for housing crisis
Due to rising Michigan foreclosure rates, the third-largest grant has been issued for the state. A portion may be used to help low-income families purchase and rehabilitate foreclosed properties.
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