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Detroit Housing Auction Fails To Move Properties

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:30 PM ET

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Yahoo! News:

On the auction block in Detroit: almost 9,000 homes and lots in various states of abandonment and decay from the tidy owner-occupied to the burned-out shell claimed by squatters.

Taken together, the properties seized by tax collectors for arrears and put up for sale last week represented an area the size of New York's Central Park. Total vacant land in Detroit now occupies an area almost the size of Boston, according to a Detroit Free Press estimate.

Read the whole story: Yahoo! News

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Filed by Claire Schneiderman  |