Massive Motown Foreclosure Auction

Aol Real Estate Contributor
Updated

NEW YORK (CNNMoney.com) -- Nearly 700 homes in the Detroit area will be auctioned on Sept. 21 through Sept. 23, one of the biggest home auctions ever.
Rising default rates in the economically hard-hit, auto-industry town have riddled the Detroit housing market. There's an abundance of bank-owned properties available for sale.
"Because many of these properties have been on the market for a year or more, banks are very anxious to

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