Thousands of Detroit Homes “Revert” to Government Ownership

May 27, 2015

According to the Huffington Post, thousands of properties in Detroit will go from private to government ship through a process called “reversion” in tax foreclosures.

“It’s all part of the new normal for post-bankruptcy Detroit where the city’s debts are forgiven but their debtors are held to the harshest possible standards through water shut-offs and tax foreclosure,” The Huffington Post reports.

Just shy of 20,000 properties were subject to reversion this year.

Read more

Sign up for Pro Builder Newsletters
Get the latest news and updates.