When will the foreclosures in Saugatuck and Allegan County, Michigan SLOW DOWN?

I guess my crystal ball is broken. I can't tell you the exact date that we will be at the bottom of this market. BUT I WILL KNOW WHEN WE ARE SIX MONTHS FROM THE END OF THE NEW FORECLOSURES. How will I know this? by reading the Allegan County News.

Every week the new foreclosure notices for properties in Allegan County where Sauguatuck is located are listed in the Allegan County News behind the sports section. Each notice indicates the date that the property will be "foreclosed by a sale of the mortgaged premises" at the County Courthouse. This date is usually shortly after the publication of the announcement.

There are at least five or six pages of these properties each week. Each page contains about fifteen properties. That is about ninety properties per week for Allegan County. Each property is run three consecutive weeks so about 30 properties are added per week. Thirty properties per week for 52 weeks is 1,660 foreclosures in Allegan County per year.

The redemption period in Michigan is six months after the sale UNLESS the property contains o ver three acres. Then the redemption period is a year. That may have been due to a law that was passed when farmers where losing their crops along with their land. A few of the properties may be redeemed or sold at short sale before the end of the six months or year timeframe but most of them continue through the process and are eventually listed.

At any rate, when the number of pages of foreclosures in the Allegan County News is reduced considerably, then we will know that we are reaching the end of this foreclosure cycle.

Keep tuned, I will be sure to let you know when things slow down. In the interium, there are quite a few opportunities in the Saugatuck, Mi area. Where else can you put your money right now? You can have your second home or rental opportunity at a very reasonable price by buying in a down market. I keep track of all foreclosures and even have a handle on those that will be available in the next six months. All I have to give you is knowledge and expertise. That knowledge and experise if available for the asking.

Your dream home may be on the market now. Call me, Dee Dee, at 616-836-8535 and I will do a special search of foreclosed properties for you in your price range and location. I can help you through this entire process from seaching to selection, financing, inspections and close.

Every share of stock is like another share of stock so in the financial markets you can wait until prices drop. THIS IS NOT THE CASE IN THE REAL ESTATE MARKET. No home like any other home. EACH HOME IS UNIQUE, ESPECIALLY IN SAUGATUCK, MI. With my help, you can WATCH THE MARKET. When you home is available, will you be ready?? If we work together, you will be. You can see all listings on my website at www.mysaugatuck.com