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On The Auction Block

Last Friday, Wayne County kicked off the first round of the fall foreclosure auction with 22,500 properties listed thanks to owners that did not pay taxes. Last year, the September auction sold 7,500 properties for the county for a total of $32 M in revenue. We'll be checking in on sales all week long as things develop; auctions last three to six days, depending on the property. [Freep]