Nearly 23,000 Wayne County Properties On The Auction Block
WAYNE COUNTY (WWJ/AP) - Nearly 23,000 properties across Wayne County are on the auction block this week.
Authorities say the owners failed to pay their taxes.
The County Chief Deputy Treasurer David Szymanski says revenue expected from the auction should help the county deal with a tight budget and the responsibility of being a landlord for so many properties.
The online auction site Bid4Assets is conducting the auction for Wayne County. The county's September 2011 auction sold 7,500 properties and brought in about $32 million, according to the Detroit Free Press.
County Chief Deputy Treasurer David Szymanski said revenue expected from the auction should help the county deal with a tight budget and the responsibility of being a landlord for so many properties.
"It's absolutely stretching us to the limit in terms of our resources," Szymanski said.
The auction concludes a process that began with county efforts to collect late taxes on 42,000 properties.
Bidders had to register by Sept. 7 and pay refundable deposits. Buyers must pay the back taxes as part of the purchase.
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