Comment on Buy a $1 House in Detroit?

Buy a $1 House in Detroit?

By Leigh Held NEW YORK (MainStreet) -- Detroit filed for the largest municipal bankruptcy in our country's history a little over a week ago. Many questions remain unanswered about the future of the city's infrastructure from pension plans to public schools. It seems new questions pop up every day. While many of us struggle to save towards paying down principals on mortgages or for a down payment on a primary residence it is possible to find a house in Detroit for $1.

 

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