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Over 14,000 properties in Detroit for $500 each!

The City Of Detroit has regular auctions of tax-foreclosed properties, the most recent offering 14,000 parcels. This is an initiative to reduce/eliminate blight in the community, but many don't know about it.

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The point of the auctions are to (a) raise money for local government which can be used for social services, etc., (b) to revitalize the tax base and receive continual income, (c) enable and enforce home maintenance/upkeep, and (d) more quickly turn over neglected properties to the local community. 

It's really a great way to increase the tax revenue and strengthen the overall condition of homes in Detroit (many of which have absolutely gorgeous architecture and solid construction).  The problem is that not very many people know about this program.  There may be an opportunity to organize a bulk purchase of pockets of homes in certain corridors to create a more centralized, visible improvement effort.

I've attached the list of properties subject to foreclosure in 2011 for those interested.

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DeletedUser

For International investor looking to buy Detroit Foreclosure Homes they should check out: http://waynecountyauctionservices.blogspot.com They will actually give live and current video of your prospective properties, current pictures (not the outdated google maps) and a PDF file report from a license Contractor. They will save you a lot of heartache and prevent you from bidding and buying vandalize or burnt down homes.

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