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Thursday, February 9, 2012

CITY OF DETROIT SELLING FORECLOSED HOMES FOR $500 BUCKS

In the last two years more than 12,300 Detroit families have been evicted and thrown into the street by the county for deliquint taxes. These same houses are now being offered  for sale for just $500. The county treasurer’s office doesn’t want to see them abandoned and is willing to negotiate with anyone,even squatters. Wayne County Deputy Treasurer Eric Sabree told WWJ’s Sandra McNeil representatives from his office will make the offer on thousands of delinquent properties. John Mogk, a Wayne State University law professor who studies land issues, said 12,300 Detroit parcels were foreclosed because of unpaid taxes last year. “There is no end in sight,” Mogk said. “The problem is just so large and overwhelming.
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