DETROIT-Foreclosures activity across the United States increased128% in July 2010 compared to that of the same period last year. Incomparison with that of June 2010, it has increased by 10%. Nearly325,229 assets were in the danger of foreclosure nationwide.
Michigan foreclosures also increased in July this year. About18,833 assets were subjected to foreclosure process in July.Nationwide, Michigan State ranks fourth in foreclosure rates inJuly. For the full story, go to The Detroit Free Press.
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