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NEW YORK -- Detroit led all U.S. metro areas in the percentage of homes entering foreclosure during the third quarter, at more than four times the national average, according to a report released ...
While her business has been a success so far thanks to this hard work, Detroit's real estate boom helped fuel this success. The median price plummeted to $58,900 in 2009 and the city filed for ...
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 ...
The plan was for 40,000 properties to be taken down to allow for property values to rise and have land for new homes and office space to be built in the city. Poverty and crime continue to impact the city, and the demolition program was created in hopes to improve conditions for the people living in the urban areas of Detroit.
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
Woodbridge is a historic neighborhood of primarily Victorian homes located in Detroit, Michigan.The district was listed on the National Register of Historic Places in 1980, with later boundary increases in 1997 and 2008. [1]
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