It seems that mortgage holders and lenders need someone to clean up after them. Business is booming for a 28-year old company which quickly responds to provide a cleaning service for Michigan foreclosures.
Investing in tax deed sales in Michigan can be an additional income stream for foreclosure investors in the state. Bank owned foreclosure homes in Michigan jumped up in number in May by 28 percent to over 8,000 units.
With the unemployment rate going up by 12 percent, the number of foreclosed homes in Michigan is also expected to escalate further as more and more homeowners will not be able to pay their monthly mortgage loans.
The number of regular dwelling and mobile home foreclosures continues to rise in Michigan as majority of big banks and lenders refuse to commit to the state's Hardest Hit Fund program.
The effect of the high number of foreclosed homes for sale in Detroit was made worse by a recent wildfire that burned properties and added to the number of vacant homes in neighborhoods.
The commercial lenders for the foreclosed apartment complex in Ypsilanti Township have brought in McKinley Inc. as the new management team to run the Tuscan Creek property.
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