Detroit land bank
Herb Strather has dropped plans to buy 6,350 vacant houses and lots he earlier claimed in a tax foreclosure auction.
Those living in the homes can include squatters, renters or former owners who didn’t pay their taxes.
Those bidding may qualify for a $25,000 forgivable loan — money that will be wiped off the books if the owner lives in the home for five years.
“They want the house, but they don’t want to take care of the outside, and they expect everyone else to.”
Over a dozen houses are currently listed on the city’s new land bank website. Today, the home up for bid is at 4184 Bishop, near Mack and Outer Drive, on Detroit’s east side.