Washtenaw: Foreclosures

The Detroit Free Press reports on the problem of “bank walkaways,” when financial institutions abandon homes that have started the foreclosure process. From the report: “In Washtenaw County, 76% of the 274 properties in county tax foreclosure this year are those that had banks listed on property records as having a financial interest, such as through a mortgage. That’s a drop from the 99% – 632 of 637 – of properties that Treasurer Catherine McClary counted in 2011, which she attributes to a general improvement in the market.” [Source]