DETROIT
11/19/2012 08:46 am ET Updated Jan 19, 2013

Pension System's Loans Under Fire

Detroit --Dozens of Detroit homeowners are fighting foreclosures of properties they bought from a fraudulent company that defaulted on loans from the city Police and Fire Retirement System.

And while the pension fund has settled its claims against the company that it alleges fraudulently purchased about 2,500 properties in Wayne County, an estimated 100 families --most in Detroit -- who live in some of those buildings are wondering what's going to happen to them.

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