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Auction Property Details

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  • a388056199396e3a.jpg?t=1471061220 Auction

Neighborhood: East English Village

This one needs a roof, windows, and kitchen porch repair.  It also has buckled floors and missing hot water heater and furnace.  But with approximately 1,100 square feet, 3 beds and 1 bath, and a one-car garage, this would be a great starter home with lots of upside on investment!

The original winning bidder on this house failed to meet the requirements as set forth in The Bidding Rules, so the Detroit Land Bank has exercised its right to offer the property to the next qualified lowest bidder in the order of their bid submittal, and the house was awarded to the next eligible bidder at their highest bid amount.

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COLLUSION (BID-RIGGING) IN AN AUCTION IS A CRIME

Collusion between bidders in a DLBA auction, which is also known as “bid-rigging,” is a type of fraud and a violation of Federal antitrust laws. The DLBA takes the integrity of its auctions very seriously and bid-rigging is unfair to competing bidders and, ultimately, to the people of the City of Detroit. If the DLBA finds evidence of collusion in an auction, it reserves the right and will not hesitate to, as appropriate, reject specific bids, cancel an entire auction (in each case keeping the deposits or downpayments of the colluding parties), and/or pursue criminal prosecution of the parties involved to the fullest extent of the law.


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