I want you to take two minutes to watch this video…
So, there are 137 pages of foreclosures listed in the Wayne County paper. I wanted to figure out how many that comes out to so I did a bit of research. According to foreclosure.com, Wayne County has 6,677 properties in forclosure.
My first reaction is WOW! That is a lot of property. So, what about where I am, what about Cook County…. well, Cook County has 10,842 properties in forclosure. Wayne County doesn’t look so bad any more, but wait.
Look at more of the evidence.
Wayne County has 1.9M people living within it’s borders, Cook has about 5.3M people. That means there is 1 forclosure for every 284 people living in Wayne County, where as Cook County has 1 for every 488 people.
The unknown is how many foreclosures does Wayne County has in a normal market? It looks like they may really be hurting, but is this far from the average?
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