land bank http://michiganradio.org en Detroit sells $1 million worth of vacant homes http://michiganradio.org/post/detroit-sells-1-million-worth-vacant-homes <p></p><p>The city of Detroit says it’s sold $1 million dollars worth of vacant homes that will be fixed up and occupied. Nearly 70 auctioned properties have been sold.</p><p>These are purchase commitments from bidders, not cash in hand, but reaching the million-dollar mark gives Detroit Mayor Mike Duggan and the Detroit Land Bank some bragging rights.</p><p>Of the 16,000 properties the city owns, 2,000 are salvageable. At an open house of properties to be auctioned last month, Mayor Duggan said the city would start putting up two houses a day for auction.</p> Thu, 26 Jun 2014 20:40:35 +0000 Lester Graham 18170 at http://michiganradio.org Detroit sells $1 million worth of vacant homes Detroit launches online auction site to fill vacant homes http://michiganradio.org/post/detroit-launches-online-auction-site-fill-vacant-homes <p>The city of Detroit has launched an effort to fill some of its vacant homes with new residents – an<span style="line-height: 1.5;">&nbsp;<a href="http://buildingdetroit.org/Home">online auction site</a> for city-owned properties. &nbsp;</span></p><p>There are 15 houses listed on the site now. The plan is for the Detroit Land Bank Authority to start auctioning off one home a day, starting May 5.</p><p>Detroit Mayor Mike Duggan says this is part of the city “moving aggressively” to deal with blight.</p> Tue, 15 Apr 2014 10:00:00 +0000 Sarah Cwiek 17228 at http://michiganradio.org Detroit launches online auction site to fill vacant homes Many Michiganders miss date to pay the tax man http://michiganradio.org/post/many-michiganders-miss-date-pay-tax-man <p>County treasurer offices across Michigan this week are processing thousands of homes that have fallen into <a href="http://www.michigan.gov/treasury/0,1607,7-121-1751_3437---,00.html">tax foreclosure.</a> Michigan property owners has until last week to pay up their 2008 property taxes or face losing the property to tax foreclosure. Many counties were expecting about a 10% increase in homes falling into tax foreclosure.&nbsp;</p><p>In Genesee County, the owners of 2,999 properties missed the deadline. About 600 more than last year. Deb Cherry is the <a href="https://www.co.genesee.mi.us/treasurer/">Genesee County Treasurer</a>. She was not surprised by the jump in tax foreclosures.&nbsp;</p><blockquote><p>&nbsp;&ldquo;A lot of it has to do with the fact that 2008 was one of the worst years in the housing market.&rdquo;</p></blockquote><p>Cherry does not expect there will be many buyers when these homes go up for sale later this year.</p><p>Many of the properties will find their way to the <a href="http://www.thelandbank.org/">Genesee County Land Bank</a>, which is already taking care of more than 6,000 properties. Douglas Weiland is the land bank authority executive&nbsp;director.</p><blockquote><p>&quot;Its not a question of whether we can absorb more properties, we will absorb more properties and we expect we&#39;ll see that trend continueing&nbsp;for some time yet.&quot; Mon, 04 Apr 2011 18:56:45 +0000 Steve Carmody 1905 at http://michiganradio.org Many Michiganders miss date to pay the tax man