What It’s Actually Like To Buy A $500 House In Detroit

May 31, 2015 By Dan Leave a Comment

Dan Terry - Real Estate Broker Bellevue WA — Dan Terry – Real Estate Broker Bellevue WA

For many Detroit homes, the first auction price is just the amount of liens and taxes owed on the house. If no one buys them then, they either go to a second auction where the prices start at $500 or they are given to the Detroit Land Bank where the starting price is $1,000.

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