Foreclosures to be sold back to owners in ACLU, city settlement

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Foreclosures to be sold back to owners in ACLU, city settlement

Foreclosures to be sold back to owners in ACLU, city settlement

Detroit News-

The ACLU of Michigan has reached a settlement in its 2016 lawsuit against Detroit that includes a deal to save potentially thousands of foreclosed homes over the next three years by selling them back to low-income owners for $1,000.

Under the plan, a group of homes headed to this year’s fall tax auction will instead be bought by the city and sold to owner-occupants who prove they qualified for the city’s poverty tax exemption, which lowers or eliminates tax bills.

The Detroit City Council voted 7-0 Tuesday to approve the settlement. Council members James Tate and Janee Ayers were not present for the vote.

[DETROIT NEWS]

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