Auction Puts Homes On The Tax Rolls, But At A Cost

06/06/2012 10:20 am ET

Detroit -- Earl Jones went from squatter to homeowner last week. All it took was $500 and a three-hour walk.

The 61-year-old onetime homeless man had been living for eight months in a tax-foreclosed bungalow on East State Fair. Friday, he walked eight miles to a Wayne County property sale and bought the home outright.

He was able to scrape together the purchase price, but had nothing left for bus fare.

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