DETROIT (AP) — More than 80 Detroit residents have completed a buy-back program started by the city's Land Bank Authority and are keeping homes that were lost to foreclosure.
Mayor Mike Duggan handed out some of the deeds Tuesday, saying the program "helps stabilize neighborhoods by keeping homes occupied."
The program requires homeowners or people renting homes that owners lost to foreclosure to attend homebuyer counseling sessions, pay a $1,000 fee to buy the property and sock away a month of property taxes into an escrow savings account.
About 1,500 people have contacted the land bank about the program. More than 560 people are enrolled.
- Posted July 12, 2017
- Tweet This | Share on Facebook
Detroiters completing home buy-back program get deeds
headlines Macomb
headlines National
- More lawyers—and clients—want to learn about sustainable development practices
- Top artificial intelligence insurance tips for lawyers
- Lawyer charged with illegally transmitting Michigan data after 2020 election
- Viral video shows former Rikers Island inmate as she learns she passed bar exam on first try
- How Sullivan & Cromwell is scrutinizing potential new hires after campus protests
- No separate hearing required when police seize cars loaned to drivers accused of drug crimes, SCOTUS rules