What a nightmare! 12 homeowners who had just purchased homes in Detroit found themselves homeless – without the properties they had just won at an auction.
According to a UPI report, “The problem, apparently, was that the house[s] . . . had been approved for demolition after the Detroit Fire Department determined they were potentially dangerous. At the same time, the Wayne County Treasurer’s Department had put them up for auction. Demolition occurred after the houses were sold but before the deeds of sale were officially recorded.”
To reconcile the City refunded the auction price to the homeowners and offered them another empty house in Detroit for free.
Category: Economy