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  2. Bill McMachen of Michigan Buys Hundreds of Foreclosed ... - AOL

    www.aol.com/news/2012-08-03-bill-mcmachen...

    For around $4.7 million, you might be able to snag one gleaming, top-of-the-line luxury home in a top market. In Michigan's Macomb County, though, it bought one man 627 homes. Bill McMachen, who ...

  3. Detroit Land Bank Authority - Wikipedia

    en.wikipedia.org/wiki/Detroit_Land_Bank_Authority

    The property inventory of the Detroit Land Bank consists of vacant lots, abandoned houses, and many other structures that were often forced into tax foreclosure. The Detroit Land Bank sells houses on its website through multiple programs, including Auction, Own It Now, and Rehabbed & Ready.

  4. Michigan Supreme Court weighs in on tax foreclosure profits ...

    www.aol.com/michigan-supreme-court-weighs-tax...

    In another case, the state of Michigan foreclosed Lynette Hathon and Amy Jo Denkins’ property in 2018 for nonpayment, sold it for $28,250 at the auction and retained the surplus proceeds. They ...

  5. Michigan's top court gives big victory to people trying to ...

    www.aol.com/news/michigans-top-court-gives-big...

    The Michigan Supreme Court said Monday that its 2020 decision stopping local governments from keeping cash windfalls from the sale of foreclosed homes can be applied retroactively, meaning that ...

  6. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    As per the foreclosure data report of RealtyTrac for January 2014, 1 in every 1,058 homes in U.S. received a foreclosure filing. This figure falls in the higher spectrum of foreclosure frequency. As of August 2014, the foreclosure rate was 33.7%, 1.7% up from the last year.

  7. List of Michigan ballot proposals - Wikipedia

    en.wikipedia.org/wiki/List_of_Michigan_ballot...

    A constitutional amendment creating a Michigan Department of State Police Failed 720,915 (25.45%) 2,111,802 (74.55%) Proposal C An initiative prohibiting lenders from using a "due on sale" clause in foreclosure proceedings Failed 1,344,463 (48.18%) 1,445,897 (51.82%) Proposal D

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