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One issue with Detroit listings is they don't disclose tax liens, so there is no way to know how much buying that property would cost. If the bankruptcy process results in Detroit writing off some liens and offering predictable taxes, then they might see more investment.
They let you buy a property without letting you know the liens held against it? HAHA I'd rather invest in lotto tickets.
They let you buy a property without letting you know the liens held against it?
The listings are written by Realtors. For a more complete catalog of Realtors' routine practices, read AF's comments.
They let you buy a property without letting you know the liens held against it?
That would require extra work on the Realtor's part!
http://www.dailymail.co.uk/news/article-2381283/Going-going-going-Detroit-family-home-sale-519-days-despite-market-just-1.html
Detroit family home still for sale after 519 days despite being on the market for just $1
House built in 1915 has been listed for sale since May 2011
It was initially placed on the market for $900
A description of the property on the Zillow website describes it as a 'Multi Family home featuring 2 units, hardwood floors, basement, and much more!'