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Tag Archives: Detroit

10 Cities Primed for Foreclosures

New rankings list the 10 worst U.S. cities to live in. Considering the factors the list takes into account, they’re likely the worst places to invest in, too.

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Detroit Tops Single-Family Investments List

According to Q1 data, Detroit offers investors the highest gross yield when it comes to single-family properties. The city came in No. 1 out of the nation’s top 25 metros, with a 17 percent average gross yield for the quarter. Cleveland and Milwaukee came in at No. 2 and No. 3, respectively. Detroit also had the highest number of investor purchases over the last year, indicating increasing interest in the market.

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Wayne County, Michigan, Officials Help More Than 4,000 Avoid Foreclosure

Officials from the Wayne County, Michigan, treasury office assisted more than 4,000 homeowners delinquent on taxes with various plans to avoid foreclosure during the county's recent show cause hearings, according to Wayne County Deputy Treasurer David Szymanski.

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Wayne County, Michigan, Begins Tax Foreclosure Hearings

Hearings began Thursday for thousands of homeowners behind on taxes and facing foreclosure in Wayne County, Michigan, at the Cobo Center in Downtown Detroit, according to an announcement from the Cobo Center.

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Foreclosure Campaign Gets Underway in Wayne County, Michigan

Wayne County, Michigan, has begun to execute the plan county officials announced in mid-October to start tax foreclosure proceedings on approximately 75,000 distressed properties for which the owners are three years or more delinquent on property taxes.

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Detroit ‘Blight Bundle’ Buyer Withdraws Offer

Earlier this week, real estate developer Herb Strather withdrew his winning bid of slightly more than $3.1 million for a bundle of more than 6,000 blighted properties in Detroit, Wayne County officials announced.

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Michigan County Launches Aggressive Foreclosure Campaign

Wayne County, Michigan, is launching an aggressive campaign to begin foreclosure proceedings on 75,000 residential properties whose owners are three years or more behind on paying property taxes.

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