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Scams, ignorance burn foreign buyers of Detroit properties

2015-12-09 19:12:50| Real Estate - Topix.net

Buying a property in Detroit a few years ago seemed like a steal for overseas investors - as little as a few thousand dollars would get them a house in a city that had hit rock bottom and could only see better times. Yet the promise turned into a nightmare for many and stories of properties vandalized, ransacked, left untended and un-rentable have sapped the interest from overseas buyers, real estate brokers say.

Tags: properties foreign burn buyers

Category:Real Estate

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