CACs are buying up occupied foreclosed properties in Detroit

[Responsible Allen Iverson]

 

[fairfax12]

that property tax shyt gets a lot of older black folk messed up. I see the same thing happening in LA. Widowed or single black women forced out of decent houses because property taxes rise against their fixed income.

 

[OfTheCross]

I'ma have to look into these property tax auctions

 

[LocSavage]

#LetsBuyMichiganBlack

 

[YamakaSmacker]

I'm thinking of grabbing a couple blocks in hopes the city will buy back for development. The local unions in Detroit have been putting calls out for about a year. Development is coming.

 

[MasterOfAllHeSurveyz]

This wound was self-inflicted. She simply didn't pay her property taxes. She paid $400 in 2009 and never attempted to pay any property taxes ever again. Compounding works both ways.

 

[Crispy]

wow

a livable home for $3,700 dollars

that shyt is crazy

that's a $150,000 -$200,000 or more home on the westcoast

I literally paid more for my roof than that

I built my own fence at my house because they wanted $2,900

the materials were still like $1,300

this shyt is mind blowing

i feel bad for that lady

that shyt is foul

 

[BaileyPark31]

Im a lil confused..

So the home is being sold by the county for back property tax...

I thought property tax was either added to your mortgage or if the home was paid off, billed monthly, yearly, or quarterly....

So if she paid cash for her home, she couldnt pay the monthly property tax? Even if it was inflated? U would think paying the tax would still come out cheaper than paying monthly rent

 

[Akata Man Bromo]

Crazy

 

[DirtyMoney]

wow

a livable home for $3,700 dollars

that shyt is crazy

that's a $150,000 -$200,000 or more home on the westcoast

I literally paid more for my roof than that

I built my own fence at my house because they wanted $2,900

the materials were still like $1,300

this shyt is mind blowing

i feel bad for that lady

that shyt is foul

My 127sqm apartment was $270k

Might have to cop a house in Detroit just of GP

 

[fairfax12]

Im a lil confused..

So the home is being sold by the county for back property tax...

I thought property tax was either added to your mortgage or if the home was paid off, billed monthly, yearly, or quarterly....

So if she paid cash for her home, she couldnt pay the monthly property tax? Even if it was inflated? U would think paying the tax would still come out cheaper than paying monthly rent

my guess is that cash had been accruing for years and this home was the biggest cash purchase of her life.

 

[MasterOfAllHeSurveyz]

Im a lil confused..

So the home is being sold by the county for back property tax...

I thought property tax was either added to your mortgage or if the home was paid off, billed monthly, yearly, or quarterly....

So if she paid cash for her home, she couldnt pay the monthly property tax? Even if it was inflated? U would think paying the tax would still come out cheaper than paying monthly rent

Like I said initially, she simply didn't pay her taxes. Those fees and interest started to accrue and turned into a snowball.

 

[BaileyPark31]

Like I said initially, she simply didn't pay her taxes. Those fees and interest started to accrue and turned into a snowball.

She had almost 4 years to pay around 17.5k?



I guess im just not understanding how she could pay cash for a home and then just decide not to pay any tax. I mean she paid 400 towards them so she knew she owed.

Im guessing she had some type of income. Idk.

I wish her the best of luck, but it seems like this is something that easily coukd have been avoided.

I wonder if the county educates people delinquent on taxes about payment plans and the foreclosure process

 

[MasterOfAllHeSurveyz]

She had almost 4 years to pay around 17.5k?



I guess im just not understanding how she could pay cash for a home and then just decide not to pay any tax. I mean she paid 400 towards them so she knew she owed.

Im guessing she had some type of income. Idk.

I wish her the best of luck, but it seems like this is something that easily coukd have been avoided.

I wonder if the county educates people delinquent on taxes about payment plans and the foreclosure process

They actually have programs to fix those problems if you take advantage of them. They're listed right on the website.

 

[BaileyPark31]

They actually have programs to fix those problems if you take advantage of them. They're listed right on the website.