Are abandoned buildings for sale? (Detroit: foreclosure, rental, mortgage)

[ocean2026]

Most are probably so far gone its not worthwhile to even consider them.

The city probably owns properties that were foreclosed for taxes violations.

What about them?

The Santa Rita building on 35 Owen is on the demolition list- I am not in Detroit but it has architectural value if it could be saved - it should.

People are dreaming that Detroit will come back by itself. Crime,high taxes, Job losses, and unfavorable weather are probably killers.

The one thing that Detroit does have going for it are its rich assortment of old buildings- that brings people - at least to look. Improvements in one or two of the other categories might make it plausible for some to stay/move in.

[Blue water lake]

[quote=

People are dreaming that Detroit will come back by itself. Crime,high taxes, Job losses, and unfavorable weather are probably the killers[/QUOTE]

I guess some people decide for others what is favorable and unfavorable. Everyone that likes to snow ski, snow mobile, play real pond hockey, go sleding, snowball fight, make snowmen, ice fish, and so on are just bummed about the weather.

[ocean2026]

Blue lake you are correct -each to their own as far as weather and some love the cold. I meant in a general sense people do not move to colder climates -their has been an exodus over the past 40 years to the sunbelt.


WHAT I WAS TRYING TO FIND OUT HOWEVER - was - does the city county or who sell these abandoned buildings ...

[Cliffie]

Chances are it's usually the bank holding the mortgage note. I daresay the city owns some, but most of the places are either going to be rental properties in disuse or on a foreclosure list somewhere. At least I think that's what you're asking.

[Coldjensens]

The City owns a lot of the abandoned houses. They do not take care of them and eventually tear them down. Restoring any historic building is pricey but rewarding. The City tensds to ream everyone for taxes though and they have no common sense about making deals that are good for the City long term.

[ocean2026]

Well put Cold! pennywise and pound foolish. One of the nicest churches in Buffalo was just sold to people who rather take it apart and move it than keep it in Buffalo and pay the huge taxes.

These cities need to understand its better to have a low tax rate on a viable building, than to use the tax to scare people from ever trying to acquire it and insure its decay and eventual demolition at taxpayers expense. <<< Hey that's well put also lol

[STLCardsBlues1989]

From my understanding, if you buy land or a house from the city, you have to pay the backtaxes, correct?

[Coldjensens]

Originally Posted by STLCardsBlues1989

From my understanding, if you buy land or a house from the city, you have to pay the backtaxes, correct?

That is my understanding. That is why they are being so stupid. They rather tear them all down than forgive back taxes owed by the prior owner. Silly.

[Vision-Quest]

Originally Posted by ocean2026

Most are probably so far gone its not worthwhile to even consider them.

The city probably owns properties that were foreclosed for taxes violations.

What about them?

The Santa Rita building on 35 Owen is on the demolition list- I am not in Detroit but it has architectural value if it could be saved - it should.

People are dreaming that Detroit will come back by itself. Crime,high taxes, Job losses, and unfavorable weather are probably killers.

The one thing that Detroit does have going for it are its rich assortment of old buildings- that brings people - at least to look. Improvements in one or two of the other categories might make it plausible for some to stay/move in.

Twin cities have more snow than Detroit. I would rather have blue skies in the summer and snow on the ground in the winter than hurricanes and tornados. Or no rain at all like LA and wild fires like the rest of Southern California, or too much rain like Seattle and New York. But the rain doesn't seem to stop those cites. Everyone wants to go to Times Square or see the Seattle Space Needle. Detroit just needs something of its own that attracts people, but they just haven't found a solution yet.

[brokerdave]

Originally Posted by STLCardsBlues1989

From my understanding, if you buy land or a house from the city, you have to pay the backtaxes, correct?

yes. that the catch. you can get the building for free, but you now have to pay 40 years of back taxes, based on a false value that never existed to begin with.

if the city wanted to get rid of them they could. but its the blind leading the deaf, dumb and stupid.