Detroit debuts the new house auction site.

**Spartan** · May-05-14, 03:07 PM

House is up over $45K now, is it even worth that much after fixing? Good to see it for sure, although not great for my potential future hopes of participating in this program.

**mwilbert** · May-05-14, 03:26 PM

Originally Posted by Spartan

House is up over $45K now, is it even worth that much after fixing? Good to see it for sure, although not great for my potential future hopes of participating in this program.

Just keep waiting. There are a lot of houses to come, both in EEV and in other parts of the city, and I'm sure some of them will be auctioned at reasonable prices. The first one is probably not the best indicator. However, as you say, it is nice to see the interest in this one.

**Schoolcraft** · May-05-14, 03:33 PM

Originally Posted by Spartan

House is up over $45K now, is it even worth that much after fixing? Good to see it for sure, although not great for my potential future hopes of participating in this program.

If you are willing to take a look in the Marygrove area next month, the opportunity is there to receive a 25K forgivable loan with your home purchase from Talmer Bank, 5k per year that you stay in the home.