Experience with Wayne County (Detroit) Tax auction?
Does anybody here have any experience with the Wayne county(Detroit) tax auction? There are several properties that I am very interested in. I know that March 31st is the deadline for having payment (or a payment plan) in place. Does this mean that if this has not been taken care of before the 31st that the property is likely to go to auction? How long before the auction will we know what is actually going to be for sale?
I appreciate any help. As a side note, I am not looking for $500 properties that I think I am going to rent for $700 a month. I know the area very well that I am looking at. This is not so much a discussion as to why or why not buy in Detroit as it is about how the process works here specifically.
Thanks!