Over 35,000 Detroit Properties Rescued From Tax Auction

When we first looked over the numbers last fall, the 2015 Wayne County Tax Foreclosure Auction had super storm potential. Around 62,000 properties had been flagged for foreclosure in Detroit, a massive leap from any previous auction. Fortunately, the forecast doesn't look so grim anymore. Loveland Technologies reported yesterday that 35,064 properties have since been rescued from the swirling toilet bowl o' foreclosure, many of them doing so by entering payment plans with the county. At the same time, 26,818 Detroit properties are still riding the Foreclosure Express to September's auction, which still promises to be the biggest ever.
· 2015 Tax Foreclosure Map [Loveland]
· 2015 Tax Auction Numbers Are Already Frightening [Curbed]