Silent Auction

Detroit’s Largest Missed Opportunity (originally published in a similar form by Occupy.com) Last month, the ACLU filed suit against the Wayne County Treasurer (WCT) for foreclosing on owner-occupied homes. The lawsuit has been anticipated for years, and could dramatically affect the fate of thousands if it successful halts the auction sale of those properties, but, even […]

Taking Advantage of Detroit

Post-bankruptcy Detroit is a place of undeniable opportunity, and people from all walks of life are eager to make the most of it. Massive tax foreclosures led to a record 24,000 properties being up for auction this fall, pitting residents against speculators for the chance to buy a home on the cheap. Everyone is trying to take […]

Blight Bungle

With a click of a button, over 6,000 Detroit properties were purchased Tuesday for just over $500 apiece. The bidding on this “blight bundle” marked the finale of an auction process whose outcome surprised local government which had scripted a much different ending. The properties were up for auction because of a Michigan state law that mandates […]

Foreclosed is Forewarned

Tax Foreclosures on 10,000 Occupied Detroit Properties will Displace Thousands On Monday, U.S. Bankruptcy Judge Steven Rhodes made a landmark decision to authorize continued water shutoffs for unpaid water bills, leaving thousands of Detroiters without access to water. At the same time, though less reported, some 20,000 Detroit residents stand to lose another basic human right — their […]

Preview: 2014 Detroit Foreclosure Auction

This week, 24,000 Detroit properties that owe taxes to the city will begin the process of being auctioned off to the highest bidder. The annual event takes on a greater meaning this year as it is running concurrently with Detroit’s bankruptcy trial which also began this week. The auction is the personal version of the […]