Foreclosed Homes

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.
Jul 6, 2015   The Detroit News
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.
Jun 20, 2010   Reuters