"Neighbors Wanted" is the new mantra of the Detroit Land Bank, which will soon begin auctioning off the huge collection of city-owned houses it manages. Teaming up with the City of Detroit, the organization just launched a (working!) website to accomplish just that. This isn't, however, just another tax auction free-for-all.
Its goal is to get the city's most promising fixer-uppers into the hands of good and capable people. The auction's complete rules can be viewed here, but the message is simple: If you buy a house through the auction, it needs to be up to code within six months. Otherwise, you risk losing the property and the money spent on it. The first batch of these lucky houses are all in the neighborhood of East English Village.
THINGS TO KNOW:
· Starting May 5, one property will be auctioned off every weekday. This maps lists the properties in the order they'll be sold.
· Bidding starts at $1,000.
· All houses will be open for viewing on April 27 between 1-5 PM.
· More photos are available by clicking the 'WEBSITE' link next to every property.
· Detroit Launches Home Auction Website in Fight Against Blight [Freep]