Bargain Homes Lure Buyers Worldwide to Detroit: Mortgages

Bargain Homes Lure Buyers Worldwide to Detroit: Mortgages
By Chris Christoff -, bloomberg.com

Jim West/Zuma Press

Peter Grosso of Long Island, New York, paid about $90,000 for 29 Detroit homes at an auc­tion for tax-delinquent prop­er­ties last Octo­ber. He’s sure they’ll sell at a prof­it with­in 10 years, while he rents them for…

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