Sobering report: 20% of Detroiters could lose homes to tax foreclosure this year
As more properties fall into foreclosure, the cycle of abandonment, arson and blight will continue.
As more properties fall into foreclosure, the cycle of abandonment, arson and blight will continue.
Police are on the hunt for 26-year-old Angel Moore and a friend.
Most of the properties didn’t sell during the Wayne County tax-foreclosure auction Monday.
Whoever wins the auction will inherit hefty costs, from demolition to a six-figure tax bill.
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The cost to taxpayers – nearly $500,000.
Now the city must make a tough decision – take possession of the property or sell it for pennies on the dollar.
Time is running out for a developer to transform Detroit’s symbol of industrial decline into housing, restaurants, retail space, offices and a hotel.
“Great artworks shouldn’t be held hostage by a relatively unpopular museum in a declining region,” the columnist writes.
Local rocker Jack White donated $142,000 to the Detroit Masonic Temple to prevent it from going into foreclosure, the temple revealed today. In return, the world’s largest masonic temple renamed its Cathedral Theater to the “Jack White Theater,” where the local musician has played and where his mother used to be an usher. The Jack White […]