The Wayne County Treasurer offered more than 10,000 tax-foreclosed Detroit properties at auction in fall 2010 but did not sell enough at high enough prices to recoup taxes and cover costs. The Treasurer's Office can make changes that will increase net revenues from the auctions and will increase positive reuse of properties after sale, in part through changes in practices and in part through obtaining changes in the law. Positive reuse of properties promises to slow the numbers of properties entering tax foreclosure and maintain property values over the long term.
Coenen, Drain, Druta, Holman, Kang, Kitjakarnlertudom, Linn, Stern, Twardy
- Community Partner: Wayne County Treasurer's Office
- Location: Detroit
- Pages: 142
- Year: 2011
- Topic: Housing + Community Development, Environment + Land Use
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