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Michigan home foreclosure filings increased in October

A spike in foreclosure filings in Michigan is raising eyebrows.

Michigan saw a 38% spike in home foreclosure filings in October over the previous month.

It’s the sharpest month-to-month jump since the foreclosure crisis of the Great Recession.

Daren Blomquist is with Attom Data Solutions. He says it’s too soon to suggest a new foreclosure crisis is brewing.

“We’re actually still below that pre-recession, pre-crisis level in Michigan, even with this jump in October,” says Blomquist.

Blomquist says there’s no clear reason for the spike in foreclosure filings in Michigan and the rest of the country. 

Steve Carmody has been a reporter for Michigan Radio since 2005. Steve previously worked at public radio and television stations in Florida, Oklahoma and Kentucky, and also has extensive experience in commercial broadcasting.
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