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Wednesday, May 31, 2006

Kalamazoo/Battle Creek - #44 in Foreclosures

This article reports the top 100 foreclosure rates in metropolitan areas. You'll notice many Michigan cities/metro areas in the report, most in the top 50. It's really just a sign of the times, as the article states:

"Most of the cities with the highest foreclosure rates have above-average unemployment rates and below-average home price appreciation. Unemployment is a major reason why homeowners stop making mortgage payments, and slow home price appreciation can make it harder for homeowners in default to refinance or sell to stop foreclosure."

This pretty much sums up the situation for many of the families we help on a daily basis (and certainly describes the Kalamazoo/Battle Creek economy). It's nothing to be embarrassed about because it's simply out of your control.

What is in your control is what you do about it - which is why our team is here for you - to take control!



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