Keeping Detroit at Home
Shakiya and her husband Warren live with their three kids in a home that found its way into this year’s tax foreclosure auction despite their regular mortgage payments. Who knows if it was incompetence or intent on the part of the chain of bankers, brokerage firms and individuals who form the […]
Thousands of Detroit Properties Revert Back to Government Ownership As of today, May 26*, thousands of Detroit properties will slip soundlessly from private to government ownership through a little-known aspect of the tax foreclosure process known as “reversion.” It’s all part of the new normal for post-bankruptcy Detroit where the […]
This year alone, over 80,000 Detroit properties received tax foreclosure notices. Among those properties were vacant plots of land, abandoned buildings and yes, occupied houses- homes with people living in them. While Detroit banks in glow of positive press post-bankrupcty and aims to attract new residents, the city isn’t doing nearly enough […]
Right now, over 80,000 Detroit properties are at risk of foreclosure. If the property you live in is one of them, you have options. No matter what, you have options. Every person’s situation is different and the whole process can be very confusing. Just know that you are not alone, […]