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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 ...
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This is reportedly a common scam in Detroit, a city decimated by foreclosures that left thousands of homes abandoned or with out of town landlords. Housing lawyers estimated that nearly one in 10 ...
In 1805, the territory of Michigan was created, with Detroit as the capital. Between 1808 and 1810, five ribbon farms were registered under the family names of Little, Rivard, Fournier and Tremble. These five farms were later subdivided into the area we now know as East English Village.
In 2013, Detroit’s revenue had fallen over 20% from its 2008 level. [20] Revenue fell due to Detroit’s declining population, which reduced the property and income tax base. [20] Rising foreclosures and unemployment following the Great Recession reduced property values and further reduced the property and income tax base. [20]
In 2017, while she was a visiting professor at Wayne State University Law School, Atuahene and the Illinois Institute of Technology led research into Detroit foreclosures and she co-authored a study on inflated property assessments in Detroit with Tim Hodge, a professor of economics at Oakland University.