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Someone is stepping up to invest in Detroit, and while they are a mystery, an auction in Motor City of more than 6,000 foreclosed properties found an unidentified bidder who has offered $3.2.
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In most foreclosures, the sale price of the house is insufficient to repay the. $3.2M Detroit foreclosure mystery bidder revealed Survey shows first-time homebuyers growing weary of short sales Survey shows first-time homebuyers growing weary of short sales. by KERRI PANCHUK. Monday, September 26th, 2011, 8:34 am.
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Mystery bidder buys 6,000 foreclosures for $3 million. HomeNews. Detroit is located approximately 136 miles from the next largest city, Grand Rapids, MI. The current population of Detroit, MI is 910,920 people living in 375,096 properties. Detroit’s average home value is $62,456.
The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed. The owner is not making any warranties or representations concerning any of these.
Wells Fargo settles claims with FHFA Wells fargo (wfc) paid $335 million to the Federal Housing Finance Agency to settle allegedly-misleading disclosures on mortgage-backed securities sold to Fannie Mae and Freddie Mac, the Wall.JPMorgan Chase earnings soar, but mortgage sector falls JPMorgan Chase & Co posted far weaker. of the major Wall Street banks to post earnings underscore how difficult the first quarter was for the financial sector. JPMorgan’s bond trading revenue.