Some of the properties are abandoned and gutted, while others could fetch more than $85,000 in any other community.
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Now the city must make a tough decision – take possession of the property or sell it for pennies on the dollar.
The city’s move would prevent speculators from buying properties without plans to develop them.
From stately tudors to roomy colonials, this year’s Wayne County auction has plenty of bargains.
Up for bid: Beautiful colonial homes, abandoned factories, gas stations, churches, a hospital, countless boarded-up bungalows and ornate apartment buildings.
An economic development engine for the state has demolished an estimated 20 houses that were purchased at a recent foreclosure auction. State officials mum.