We do 70% of our business as wholesale in the Detroit area and I can tell you that things have slowed down a bit in the last 6 months. Local government has programs in place to slow or stop foreclosures around here, and banks are sitting on a ton of inventory but not really pushing it out.
If your repo is in a good area at a good price it will move quickly though. Because of those changes in the market there is a need for quality properties.
If you have anything that you would like us to look at let me know. My contact info is at the bottom. We are the #1 private wholesale real estate company in SE Michigan