Wednesday, October 26, 2011

Annual Wayne County Tax Auction

Wayne County is having its annual tax auction again. I believe the auction will run through Thursday. You can check out the properties being sold at www.bid4assets.com, but it is too late to register this year. The interesting twist this year may be the participation of a nonprofit group (the same folks behind Loveland) to buy properties with the public good in mind (kind of like a Land Bank), using a "social" funding mechanism: http://detnews.com/article/20111020/OPINION03/110200401/1409/Non-profit-to-be-foreclosure-auction-stand-ins-in-Wayne
It is great to see the Loveland platform being used like this: http://whydontweownthis.com/
Great work by that team - I look forward to reading about the impact there. I am also trying to bid on some properties this year for the first time, but so far, no luck.

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