Foreclosed homes in Michigan is causing grave concern considering the importance of Michigan. Michigan is a mid western state of USA and is located near Lake Michigan – the name being an adaptation of the Indian name ‘mishigami’. Michigan is bound by four of the five great lakes and has the longest shoreline in the world. Why should foreclosed homes in Michigan stalk its residents who are never far from either the Lakes or a natural water body? Yet foreclosed homes in Michigan has become a reality in the two peninsulas of Michigan. Foreclosed homes in Michigan are dotting the numerous large islands that make up the state.
Michigan with a humid continental climate has a large concentration of white population – 81.3%. The economy of Michigan is based on information technology, life sciences and advanced manufacturing units. It is famous for its auto industry. One reason for increased number of foreclosed homes in Michigan is being blamed to the gloom in the auto industry. With job cuts people have not been able to pay mortgages and this has led to the rise of foreclosed homes in Michigan. Michigan is also the 3rd largest in growing Christmas trees. But despite all these positive points foreclosed homes in Michigan are posing problems.
People are blaming the war in Iraq and Afghanistan for these foreclosed homes in Michigan. There are anti-war demonstrations in Detroit. The Governor of Michigan, Jennifer Granholm is in the line of fire. Unemployment plus foreclosed homes in Michigan is adding to the fuel of people’s anger. The committee against war plans to protest against the annual address of the governor scheduled on 29th January 2008. Also on the demand list is a declaration of a financial state of emergency and the imposition of a five year ban on further escalation of foreclosed homes in Michigan. Pointing to the foreclosed homes in Michigan and the unemployment figures legal expert Jerry Goldberg comments that there is a state of unmitigated disaster in Michigan. If nothing is done about the foreclosed homes in Michigan stopping its onward march then the dam will burst. The number of foreclosed homes in Michigan doubled from what it was in 2004 in 2006. The situation became worse in 2007. Considering that the population is only 3.4% of the national mean, it is a grave situation for the state. Default figures are tumbling in. Wayne county stands worse in the whole country.
