Become a Land Baron in Detroit For a Few Bucks
July 5th, 2012, 7:12 AM
You too could be land baron in Detroit for a few bucks.
The questions is: Would you really want these properties?
Apparently, a lot of people don't.
The Wayne County Treasurer's Office is auctioning off about 6,000 tax-foreclosed properties, many in distressed Detroit neighborhoods. The bidding begins at $500 for homes and $200 for vacant lots and the process ends Tuesday.
The parcels include 20 on the half-mile stretch of West Robinwood between Woodward and John R in the city.
Nearly all the properties didn't sell in 2011 auctions, the Freep reports.
"Some are in extremely distressed condition," Chief Deputy Treasurer Dave Szymanski told the paper. "Those will probably not sell at all."