It and other nonprofits are the final options for hundreds of Detroit residents fighting foreclosures, auctions and evictions. "Like most pre-crash markets, the Detroit housing market was very strong," said Douglass Diggs, chief executive of The Diggs Group Heritage economic development consulting firm and former Detroit Planning and Development director. A decade after the nation's housing bubble peaked before bursting in a ruinous crash, much of America's residential real estate has rebounded. About 90 percent of the 15,170 county properties in foreclosure from the 2013 tax year are in Detroit. But they didn't know their house on Maiden Street, in a blighted east side Detroit neighborhood, was already listed for auction.
Source: ABC News August 07, 2016 14:37 UTC