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Detroit’s rebirth as "America’s Great Comeback City" hits roadblock as taxes kill homeowners’ dreams
Financial Post ^ | March 11, 2015 | Prashant Gopal

Posted on 03/11/2015 10:36:56 AM PDT by rickmichaels

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To: lastchance

“she also became responsible for any past due taxes and any unpaid liens on the property. This should have been disclosed to her at closing.”

I thought that’s what a title search is all about, so you weren’t assuming someone else’s debt.


21 posted on 03/11/2015 11:35:33 AM PDT by V_TWIN
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To: V_TWIN

It should have been. It also is public record. So I don’t see how she could claim ignorance. At least the article does not mention an HOA and dues for that as well.


22 posted on 03/11/2015 11:37:06 AM PDT by lastchance (Credo.)
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To: factoryrat

You nailed it. Those Michigan cities should wipe the slate clean and declare a ten year Tax Holiday to entice people to move in and renovate those homes. And start rebuilding the local economies.


23 posted on 03/11/2015 11:41:39 AM PDT by Buckeye McFrog
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To: LeoMcNeil
Why on Earth would someone who is unemployed think they could afford to buy a house in the first place?

It said she was unemployed but didn't state when she lost her job. She may have been working at the time she bought it.....and to her credit, she paid cash for it.

It's quite likely that when she purchased the property from the city, they never informed her of the back taxes that were due on it and then she subsequently lost her job.

24 posted on 03/11/2015 11:46:45 AM PDT by Hot Tabasco (Uncle Sy: "Beavers are like Ninjas, they only come out at night and they're hard to find")
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To: cripplecreek

How in the world would she be better off paying rent as opposed to OWNING a home outright for just $6,000????

The crime here is a property tax rate of 141%!!!!


25 posted on 03/11/2015 11:47:27 AM PDT by MeganC (You can ignore reality, but reality won't ignore you.)
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To: LeoMcNeil

The sick kid be bring’en in dat govment money! That check every month and ebts be phat!


26 posted on 03/11/2015 11:47:50 AM PDT by bonehead4freedom
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To: gr8eman

Folks on my dad’s side sold out before the riots.
Just in time.


27 posted on 03/11/2015 11:52:51 AM PDT by Eric in the Ozarks ("If he were working for the other side, what would he be doing differently ?")
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To: lastchance

“I don’t see how she could claim ignorance.”

Forget it lastchance...........it’s Detroit. :)


28 posted on 03/11/2015 11:54:50 AM PDT by V_TWIN
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To: rickmichaels

Let’s see, she’s had a hard time finding consistent work since 2005, but she bought the house in 2010. And the sick daughter is 8, so born in 2006-7, also after the financial troubles began. No mention of ages of other two children, but I’m betting they’re younger than the 8YO. She is now pregnant with child #4. No mention of husband or kid’s dad. I think I’m seeing a pattern here...


29 posted on 03/11/2015 12:27:19 PM PDT by Hoffer Rand (Bear His image. Bring His message. Be the Church.)
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To: lastchance
A considerable ammount of info can be found with google earth pro (which is now free) Not included in the photo but the available info also includes the Assessor Parcel Number


30 posted on 03/11/2015 12:30:28 PM PDT by cripplecreek ("For by wise guidance you can wage your war")
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To: rickmichaels

Way down in the article, Gresham’s tax is $2000 per year for that house in that neighborhood.

And what is produced for it? More robbery, with the robbers calling everyone else trash from both sides of politics.


31 posted on 03/11/2015 12:45:20 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: V_TWIN

How could I have forgotten? Dear me.


32 posted on 03/11/2015 3:14:14 PM PDT by lastchance (Credo.)
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