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Neighborhood
group
hosts
over
1000
guest
during
East
English
Village
Open
House
DETROIT,
MI (Tell
Us Det)
- Over a
thousand
guest
got an
up-close
look at
some of
the 12
vacant
home up
for
auction
in
Detroit's
East
English
Village.
On
Sunday a
tour was
held by
the
community's
neighborhood
association
where
Mayor
Mike
Duggan,
Council
President
Brenda
Jones
and
Councilman
Andre
Spivey
all
welcomed
visitors
to homes
during
the
four-hour
event.
The
Association
provided
six tour
buses to
shuttle
interested
families
and
individuals
to the
homes,
according
to its
president,
Bill
Barlage.
Details
of the
homes
there
are
listed
on the
Detroit
Land
Bank
website.
The city
wants to
sell the
houses
to
people
willing
to
quickly
fix them
up.
One
house
per day
will be
auctioned
off
beginning
May 5.
It's
part of
the
city's
effort
to
eradicate
blight
while
stabilizing
neighborhoods.
Speaking
to the
media,
Duggan
said
that
instead
of
letting
the
houses
sit
vacant,
officials
are
"taking
them
from the
owners
who
abandoned
them and
auctioning
them"
online.Potential
buyers
will be
able to
bid on
the 12
homes to
be
auctioned
on May
5th.
according
to city
officials.
Streets
were
lined
with
families
and
individuals
from
Detroit
and
nearby
communities
interested
in
purchasing
a home
in the
city as
local
residents
came out
to greet
their
new
potential
neighbors.
“East
English
Village
is eager
to
continue
our
partnership
with
Mayor
Duggan,
his
office
and the
Detroit
Land
Bank
with
regard
to the
next
chapter
in our
quest
for
renovation
of solid
architectural
gems,”
said
Barlage.
“We are
excited
to
partner
again to
produce
another
successful
home
tour
showcasing
a
diverse,
friendly
and safe
neighborhood.”
The
1,050
tour
takers
now have
a much
better
idea of
how to
bid,
when the
auction
begins
on May
5th at
www.buildingdetroit.org.
To date,
more
than
3,000
people
have
registered
to bid.
How the
Auction
will
work
People
visiting
www.buildingdetroit.org
will be
able to
view the
homes
that are
up for
auction
and to
register
in
advance
to be
able to
bid.
Michigan
residents
or
companies
without
a
history
of
building
code
violations
and or
tax
foreclosures
are
eligible
to bid.
One home
each day
will be
up for
auction,
which
will run
from
8:00
a.m.
until
5:00
p.m.,
when the
auction
closes.
Once it
closes,
the
winning
bidder
will be
notified.
Winning
bidders
will
have a
rigorous
process
to make
sure
they fix
up the
homes
promptly:
• Within
72 hours
of
auction,
pay 10%
of the
bid
price.
• Within
60 days
of
auction,
buyer
must
close on
property
and make
full
payment
if the
purchase
price is
$20,000
or less.
• Within
90 days
of
auction,
buyer
must
close on
property
and make
full
payment
if
purchase
price is
more
than
$20,000.
• Within
30 days
of
closing,
buyer
must
provide
Land
Bank
with
executed
construction
contract
for
property
rehab.
(If
buyer is
rehabbing
him/herself,
must
provide
receipts
for
purchased
rehab
materials.)
• Within
6 months
of
closing,
buyer
must
have
certificate
of
occupancy
and have
an
occupant
living
in the
house.
“We are
not
looking
for
speculators”
said
Land
Bank
Chair
Erica
Ward
Gerson.
“If
you’re
not
going to
act
diligently
to fix
up the
house,
you’ll
lose the
house
and your
money.”
Added
Mayor
Duggan:
“We’re
going to
fix up
entire
neighborhoods
at once.
It’s
important
that
everyone
who buys
one of
these
houses
is
serious
about
getting
them
rehabbed
and
occupied.”
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