Almost completely surrounded by four fresh water lakes, Michigan has a tremendous line of lakefront real estate ? a steadily growing portion of which is available at pocket friendly prices in the form of repo homes. Flying to Michigan, home of the Boeing, shouldn't be a problem to look for affordable real estate. And once you're there, well, you could water ski from one repo home to the next!

Repo homes are available in Michigan as the repossessed and auctioned property of either the concerned bank or the government, who want to sell it off as quickly as possible to keep their investments moving. This is why repo homes are available so cheaply, but also must be selected carefully.

Repo home properties in Michigan can often be checked out beforehand so that you know what you are bidding for and, hence, how much to cap your bid at. With the rates of repossessed homes growing over the past presidential term, and peaking in 2008, it won't be hard finding a property in Michigan that fulfills all your real estate requirements.

And who knows what great star you could be living it up next to, what with Madonna, ?Magic? Johnson, Diana Ross, William Boeing and many more having hailed from the Great Lake State. In all major and minor cities in Michigan, from Wayne County to Southfield, the number of repo homes has been on the rise and means you can easily find the perfect lakefront property there in the next auction.