The Motor City of Detroit has been famous for lots of things from car making to murder. Now it is becoming famous for the foreclosure numbers.

Detroit foreclosures have been on the rise for a long time. With the recent issues from General Motors and the rest of the Big Three United States auto makers the problems have gotten worse to the point of being headed towards some of the worst foreclosure numbers in the country. This is not good news for the people who have lost jobs and are sitting back watching their slice of the American Dream whither up and die before their eyes. However if you are in the market and have the financial wherewithal to make some purchases, you might find this to be a great time for you to look into investing in the foreclosure market in and around Detroit.

For the most part, the homes that you will find in the proper part of the city and the near inside suburbs are going to be homes that date back into the 1950s and into the late 1980s. As you get farther out into the outlying suburbs and subdivisions you begin to find the nicer and newer homes that were built for the executives and better paid union workers for the Big Three as they tried to move the families farther and farther away from the decrepit urban decay that had become the down town area of Detroit which earned it the nice name of the murder capitol.

By and large the homes that you are going to find here are going to run from one extreme to the other with very little setting in the middle range. The homes are either going to be well maintained newer homes or very poorly maintained dwellings that are older and look the part.

As a result there is either good or bad opportunities here depending on what you are looking to get in to.