Tens of thousands of Detroit homes face foreclosure due to unpaid taxes

Let's make 2018 your breakout year!
Join real estate's best and grow your business at Connect New York, Jan 22-26, 2018

In January, the owners of 43,634 properties in Detroit owed the county more than $328 million combined in unpaid taxes and fees, the New York Times reported.

Since then, some have paid their debts, entered payment plans or qualified for assistance, but 26,038 properties continue to face foreclosure and many are headed for public auction, the news outlet said.

Most of the properties are residential, though 5 percent are former businesses. One-third of the properties are vacant lots.

Source: nytimes.com