Detroit today
The Wayne County Tax Foreclosure Auction recently resumed after a brief hiatus due to the COVID-19 pandemic. Its purpose is to keep people paying taxes on their homes, but the auction — and the tax foreclosure process at large — has had a negative impact on Detroit, driving renters and owners out of their homes. rice field.
At a cumulative cost of $600 million between 2010 and 2016, nearly 100,000 Detroiters were left homeless. In addition, many renters were evicted from their homes as their homes were foreclosed on because their landlords deliberately failed to pay their taxes.
“There are thousands of homeowners who have lost their homes to tax foreclosure auctions over the years.” – Alex Alsup, Analyst
Hear: How the Tax Foreclosure Auction Affects Detroit.
The guests
Alex Alsup is Vice President of Research and Development at Regrid, a real estate data and location intelligence company. He blogs about property tax foreclosures and Detroit housing issues in general at Substack, The Chargeback.
Alsup said the auction was a “last ditch effort” to get property taxes back, but people lost their homes as a result.
“Thousands of homeowners have lost their homes over the years to tax foreclosure auctions,” says Alsup. today. “
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