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In 2019, Walker told NBC News she signed a rent-to-own lease on a three-bedroom home in Detroit with a man named Maurice, who gave her a copy of the deed for the house. The house had no furnace ...
The scam has flourished in Detroit, where a foreclosure crisis devastated homeownership, leaving tens of thousands of properties vacant or in the hands of out-of-town investors.
The Detroit Land Bank Authority [1] is a public authority that owns and manages approximately 100,000 parcels of property in the city of Detroit, making it the city's largest landowner. [ 2 ] Occasionally framed as a quasi-governmental entity , the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that ...
Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
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Izhak Halbani was the last of 20 defendants and the leader of what federal prosecutors called an extensive real estate telemarketing fraud scheme that cheated investors of more than $19 million.
Governor Snyder in September 2018 ordered the formation an Anti-Fraud Unit criminal justice agency to investigate auto and health insurance and finance related crimes. [10] Anita Fox was appointed by Gov. Gretchen Whitmer on Dec. 27, 2018. Director Fox officially began her tenure as director of the Michigan Department of Insurance and Financial ...