Foreclosed Homes

July 6, 2015, 1pm PDT
Over one half of Detroit's foreclosed homes are blighted or abandoned. Buyers who purchased the homes for as little as $1 have little incentive to keep them in good shape—or pay taxes.
The Detroit News
June 20, 2010, 7am PDT
A new rule proposed by federal regulators would allow bank investments made for neighborhood stabilization efforts and donations of foreclosed properties to be count towards compliance with the Community Reinvestment Act.
Reuters