Thursday, November 29, 2007

Michigan 6th in Oct. foreclosures

State 6th in Oct. foreclosures

Nathan Hurst / The Detroit News

DETROIT -- Foreclosure filings in Michigan rose 63 percent in October compared with the same month in 2006, but were down 5.8 percent compared with last month, according to a report released Wednesday.

A total of 13,415 foreclosures were filed in Michigan in October, according to data released by RealtyTrac, an Irvine, Calif.-based company that tracks foreclosures throughout the nation.

The October foreclosure rate of one filing for every 334 households ranked Michigan sixth in the nation, behind Nevada, California, Florida, Ohio and Georgia. The national foreclosure rate for October was one filing for every 555 households.

Other data from the RealtyTrac report:

• Wayne County: 6,399 foreclosure filings in October, one for every 131 households.

• Oakland County: 1,215 filings, one for every 427 homes.

• Macomb County: 1,025 filings, one for every 338 homes.

• Livingston County: 315 filings, one for every 224 homes.