State foreclosures for August up 126%

State foreclosures for August up 126%

Nathan Hurst / The Detroit News

The number of Michigan homes taken by foreclosure was up 126.86 percent in August over the same month last year.

In total, 15,565 foreclosure filings were made in the state last month. The state's foreclosure rate of one for every 288 households ranks sixth in the nation, according to data being released today by RealtyTrac, an Irvine, Calif., firm that tracks such transactions across the country.

Michigan placed behind Nevada, California, Florida, Georgia and Ohio. The bulk of the state's filings were in Metro Detroit counties.


In Wayne County, there were 9,615 foreclosure filings in August, one for every 87 households, ranking the county fourth among the nation's metro areas. This was up from 8,683 such filings in July, a 10.7 percent increase, and 3,068 filings in August 2006, a 213 percent increase.


In Oakland County, there were 864 filings last month, one for every 601 households, down from 1,105 in July, a 21.8 percent drop, but up from 726 in August of last year, a 19 percent increase.


In Macomb County, there were 1,506 filings, one for every 230 households, up from 1,348 in July, an 11.7 percent increase, and up from 584 in August of last year, a 157.9 percent increase.


In Livingston County, there were 167 filings, one for every 422 households, up from only 8 in July, a massive 1,987.5 percent increase, and up from 61 in August of last year, a 173.8 percent increase.