Detroit News: Detroit home program not as successful as originally thought

According to a recent Detroit News article, Detroit Mayor Mike Duggan’s home auction program launched in 2014 looked successful on the outside. Of the about 400 abandoned homes up for auction, 394 were bid on and appeared to be being transferred to new owners. However, of those 394 supposed-to-be-new homeowners only about a third¬†were able to close on the homes. Additionally, 37 of the closings were delayed and dozens fell through. In total, according to numbers provided by the Detroit Land Bank, 138 properties were closed on. To read more click¬†here.

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