08/15/2012 10:00 am ET

Wayne County To Hold Its Biggest Foreclosure Auction Ever

A record 22,504 properties are going up for auction next month in Wayne County because of nonpayment of taxes, further evidence of the real-estate crash whose aftershocks still reverberate. The foreclosures are up 57 percent from 14,290 last year, and officials with nonprofit agencies working to keep residents in homes say they're bombarded with pleas for help. The vast majority of the properties, 20,040, are in Detroit.

"I can't imagine anywhere else where there wouldn't be more screaming," said Ted Phillips of the legal advocacy group, the United Community Housing Coalition. "It's overwhelming."

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