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Thursday, May 1, 2008, 1:47 pm
More Bad Economic News from the Deeds Office
A "sheriff's deed" is recorded when a mortgage has been foreclosed and the property sold at auction. Hence, the number of sheriff's deeds recorded in the Register of Deeds office is a precise indicator of distress among homeowners in that county.
By that standard, things are looking grim here in Washtenaw County, with the number of sheriff's deeds reaching previously unheard-of levels. There were 1,151 in calendar year 2007, compared to 703 in 2006 and 433 in 2005. And so far this year we already have 500.
Here's the data by month and year since 2002:
| Month | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
| Jan | 15 | 21 | 25 | 33 | 32 | 88 | 106 |
| Feb | 9 | 17 | 22 | 28 | 54 | 99 | 126 |
| Mar | 16 | 10 | 31 | 38 | 59 | 103 | 123 |
| Apr | 13 | 37 | 23 | 27 | 46 | 72 | 145 |
| May | 20 | 11 | 29 | 40 | 53 | 75 | |
| Jun | 25 | 26 | 13 | 40 | 69 | 76 | |
| Jul | 19 | 21 | 29 | 41 | 30 | 113 | |
| Aug | 23 | 29 | 22 | 27 | 68 | 78 | |
| Sep | 20 | 17 | 21 | 42 | 63 | 85 | |
| Oct | 19 | 25 | 22 | 42 | 59 | 108 | |
| Nov | 24 | 20 | 21 | 20 | 93 | 107 | |
| Dec | 28 | 31 | 30 | 55 | 77 | 147 | |
| Totals | 231 | 265 | 288 | 433 | 703 | 1,151 | 500 |
....Posted by Lawrence Kestenbaum —
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Lawrence (Larry)
Kestenbaum
| polygon | @ | potifos.com |
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