Yeah the economy still feels like it's tanking, if you talk to the circle of friends I travel in.  But there is good news for those who have some extra dollars and a dream of being a proud home owner. If you happen to stumble upon a  bank-owned property in Michigan, you're going to be paying  a lot less than you would have for a traditional property. You can save even if the home is still in the process of foreclosure.  If you buy it at a short sale, you'll still end up paying less...