Foreclose On Everything Says Detroit

Detroit is aiming to further eliminate neighborhood blight and recover lost revenue from home owners who are delinquent on their mortgages. Wayne County is taking on an unprecedented effort to take possession of every property that is three or more years behind in taxes. Foreclose On Everything Says Detroit. The county is notifying 80,000 property owners that they are on the verge of losing their homes to foreclosure due to delinquent taxes. That equates to one of every five properties in Detroit, the city’s Motor City Muckraker reports.                              foreclose

The effort is the biggest foreclosure spree since foreclosures started skyrocketing years ago in the city. In 2013, Wayne County began the foreclosure process on 42,000 properties; this year, it has targeted 56,000 properties.

“We have decided to foreclose on everything,” says Chief Deputy Treasurer David Szymanski. “In 2008 and 2009, finances were so tight that people had to decide between eating and paying taxes in Detroit. The economy has improved.”

Szymanski hopes that the foreclosure warnings will prompt more home owners to catch up on their bills or get assistance under the Step Forward Program, a statewide assistance program for home owners who are in default.

“If someone can’t pay their taxes, they really shouldn’t own a home,” Szymanski says. “We have a culture that has grown to expect that taxes are optional.”

The county currently has crews knocking on doors and posting foreclosure signs on properties affected by the 80,000-property sweep.

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Source: Motor City Muckraker 10/10/2014

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