The Metro: How to stop foreclosures in Detroit
The overall number of homes on Wayne County’s auction list has been shrinking, but it remains to be seen if this signals a trend. The Metro spoke with Alex Alsup, author of “The Chargeback” to learn more.
When the Great Recession hit, homeownership in Detroit took a dive. Between 2011 and 2015, about 10,000 residents lost their homes due to illegal tax foreclosures following the city’s bankruptcy.
Many foreclosed homes have ended up on the Wayne County auction list over the last decade. The good news is that the overall number of those homes has been shrinking, but it remains to be seen if this signals a trend.
In this conversation, Metro producer Sam Corey spoke with Alex Alsup. He’s the author of the substack, “The Chargeback.” The two discussed what accounts for the increase in homes up for auction this year, and what can be done to stop or slow foreclosures.
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