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Detroit's Tax Foreclosure Crisis

The yellow Foreclosure Notice bag is an unfortunate fixture throughout Detroit neighborhoods.

The yellow Foreclosure Notice bag is an unfortunate fixture throughout Detroit neighborhoods.

This year Detroit has put out 53,647 of these yellow bags notifying property owners of a looming foreclosure if their back taxes are not paid. Loveland Technologies has brought much needed attention to the Tax Foreclosure crisis affecting over 100,000 residents of Detroit. Yet, each year the problem persists, and the outcome is predictable; thousands of properties are sold, but twice as many go unsold, and the net result is that only a fraction of Wayne County's outstanding property tax debt is recaptured. As it stands right now, this is a lose-lose situation for both the City of Detroit and it's citizens. 

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