Quote:
HH56 wrote:
Definitely an improvement. Maybe there is hope.
I noticed in the paper today the buyer for those 3200 distressed homes and properties backed out and forfeited the deposit. Wonder if he ran into screwed up or unclear titles in that batch like this guy did with the Packard property and they chose not to deal with more hassle.
The local TV news was reporting on that last night. Seems the guy was planning on getting a big stack of Federal or city "blight clearance" money to cover the cost of clearing the derelict buildings. There is money earmarked for blight clearance, but the authorities said that money is not for a speculator that wants to buy land on the cheap, get it improved at government expense, then resell it and pocket the profit.
Comments about the guy on the DetroitYes! site are less complimentary regarding his character and ethics.
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