Temporary Reprieve From Tax Auction Doesn’t Solve Underlying Problem As I wrote about last October, Detroit was facing a tax foreclosure epidemic this fall with nearly 62,000 properties heading to tax foreclosure due mostly to deadbeat or absentee landlords not paying property taxes. These landlords would have forced nearly 100,000 people into homelessness. It […]
Law Signed Last Week By Rick Snyder Makes It Easier for Homeowners To Avoid Tax Foreclosures Michigan Governor Rick Snyder signed a series of bills into law last week that will make it easier for homeowners facing tax foreclosures to negotiate payment plans with their respective counties. Two of the bills allow counties to set […]
Detroit Could Have 100,000 More Homeless Strollin The Streets By Christmas 2015 Because Of Deadbeat Landlords 100,000 people could be homeless in Detroit thanks to deadbeat landlords. Nearly 15% of Detroit’s population could lose their properties if they don’t soon pay delinquent taxes according to an analysis by Loveland Technologies. Steve Neavling at the Motor […]
The Truth Doesn’t Fit The Narrative The City Wants You To Hear About Detroit’s Dirt Cheap Homes From Buenos Aires to Quebec City and from Calcutta to Prague, people from around the world are gobbling up Detroit’s cheap real estate like Yukon gold speculators from the turn of the last century. This frenzied speculation […]
Packard Plant Auction Shows Why Former Soviet Republics Have Higher Bond Ratings Than Wayne County “You’re going to find out, if you stick around, that a lot of the people holding political power are some bizarre incompetent sons of bitches” -Detroit Political Consultant Adolph Mongo The Wayne County Treasurer’s Office handling of the Packard plant […]
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