Thursday, February 21, 2013

Detroit has more foreclosures than it can handle

As more and more residents flee the progressive paradise that is Detroit, the city’s government is being overwhelmed by foreclosures — so many, in fact, that the city treasurer ignored the cases of 40,000 delinquent properties last year alone. Ignoring these properties that should be foreclosed on may be a violation of state law and encourages squatting, scrapping and speculation, the Detroit News warns.

Read the rest of the article at The Blaze

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