Bankruptcy In Michigan

Tuesday, October 14, 2008

Here is a long post from mid September regarding bankruptcies filed in Michigan:

It even mentions the negative equity issue that Michigan has been experiencing for some time now:

…I see clients come in here who owe on a $150,000 mortgage, but the house is only worth $120,000…

That may be what happens when people can’t pay their negative equity mortgages…personal bankrutpcy rates rise…

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This was written by admin. Posted on at 11:38 am. Filed under Uncategorized. Tagged bubble, estate, housing, michigan, real. Bookmark the permalink. Follow comments here with the RSS feed. Post a comment or leave a trackback.

Barbara wrote:

So is the Goverment doing anything to help? Noooo its not

Wednesday, October 15, 2008 at 12:03 am | Permalink
Michigan SEO wrote:

I live in Michigan and see this everyday. It is not an accident. We are being setup

Monday, November 10, 2008 at 5:05 pm | Permalink
aquabot wrote:

Government should make some law which abide all the financial institutions in control, I think this is the only way to control this situation.

Saturday, May 2, 2009 at 10:27 pm | Permalink