patrick.net
An Antidote to Corporate Media
1,193,586 comments by 13,877 users - ForcedTQ, Robber Baron Elite Scum online now
Detroit house still for sale after 519 days for the price of $1
invite response
2013 Jul 30, 4:24am 1,136 views 4 comments
Comments 1 - 4 of 4 Search these comments
curious2
2013 Jul 30, 6:38am
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.
epitaph
2013 Jul 30, 7:25am
They let you buy a property without letting you know the liens held against it? HAHA I'd rather invest in lotto tickets.
curious2
2013 Jul 30, 7:28am
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.
zzyzzx
2013 Jul 30, 11:22pm
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!'