Overseas Buyers Flocking to Foreclosure Auctions in Detroit
Friday, March 20th, 2009Overseas buyers coming from U.K. and Australia are flocking to foreclosure auctions in Detroit. The city is dotted with foreclosure notices and there is a surfeit of houses for sale. There are on the shop shelves 1,800 units priced below $10,000. Just a couple of years ago these were worth ten times that amount. In [...]
