love love love the land bank and all its doing to advance the home ownership process, but this isn't surprising. as a student-debt heavy millennial, we are only homeowners courtesy of HUD and our 3%-down mortgage handout. would love to buy us one of these land bank beauties...

"Since the program started in May, 162 homes have been claimed at auction for more than $2 million. But only 45 of those sales actually have closed, because buyers can’t get mortgages. "

http://www.crainsdetroit.com/article...-blight-crisis