2 ms·
Are you sure? What is the actual process in Detroit where you give up the land and are no longer responsible for the taxes?
by bagels 3y ago
Are you sure? What is the actual process in Detroit where you give up the land and are no longer responsible for the taxes?
- nemo44x 3y agoI figured it was like regular property but after doing brief research, you’re right. It’s more difficult than just walking away as the local government can continue to tax you. But after some time I guess it could be found to be abandon and then sold at auction. But until then you’re liable for it. And I think it makes a difference if you own outright or if you have a mortgage. It’s an interesting question though since so much property in Detroit has been abandoned.