Michigan Foreclosures for Sale

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According to the US Census, Michigan is the 8th most populous state in the US, at a little over 10 million people. Michigan's borders are located on 4 of the 5 great lakes and it is the only state within the 48 continental states that has 2 totally separate land masses, or peninsulas, which make up the state. The state ranks first in the production of both motor vehicles and parts. It is also a leader in machine tools, furniture, refrigerators and airplane parts. Michigan's numerous forests, 3,288 miles of Great Lakes shoreline and 10,083 inland lakes contribute significantly to the state's economy. Because of the resurgence of the automobile industry, it is easy to see that Michigan is becoming a more popular state to move to. Now is the perfect time to invest in Michigan foreclosures for sale, especially since foreclosures are going at a state-wide average savings of 45% off of retail prices. Kalamazoo, Grand Rapids and Flint are some of the best large cities to move to.

Kalamazoo, Michigan is the center of the state's paper industry. Other major industries here include metal products, pharmaceuticals and transportation equipment. Kalamazoo residents enjoy a cost of living index that is 14% below the national average but the unemployment rate is relatively high because it is on par with the national average. Because the market value on homes has dropped approximately 25% in the past 5 years, now is the time to buy one of the 1,400 foreclosures that are available. The city is, for its size, relatively rich in the arts. It is also a hotbed of community involvement and progressive activism. The downtown neighborhoods are close-knit and surprisingly have much to offer. One progressive program that Michigan supports is free college tuition, or 65% of the tuition is paid if the student starts in high school, for all of its graduates. Some of the most popular neighborhoods include the West Main Hill, Oakwood, Milwood and Westnedge Hill and at approximately 40% savings, the foreclosures in Kalamazoo are a steal.

Grand Rapids, Michigan is the trade center for western Michigan. Grand Rapids residents enjoy a cost of living that is 16% below the national average but the city unfortunately has an unemployment rate 0.7% above the national average. According to RealtyTrac data, foreclosures here are going at approximately 29% off of retail prices. Some of the best neighborhoods, especially for families, include Alger Heights, Marywood, Wilcox Park, Mulick Park and Riverside Park.

Flint, Michigan is a large manufacturer of automobile bodies and parts. It is also very deaf-friendly since the Michigan School for the Deaf is located in Flint. Flint residents enjoy a cost of living that is a whopping 24% below the national average and has an unemployment rate of only 7.8%. Mott Park is one of the better neighborhoods in Flint, according to residents.

Michigan is a wonderful place to live and, with average foreclosure savings reaching a 45% high, now is the perfect time to invest in the plethora of up and coming neighborhoods that are available.