Hundreds turn out to bid on foreclosed properties
Wed, 23 Oct 2013 21:09:49 GMT —
Residents hoped to get a steal on foreclosed properties Wednesday.
758 foreclosed homes and properties on the auction block as part of the Michigan Public Auction in Genesee County.
The bidding for each began at $100.
"Potentially someone could buy property for $100 but then they'd have to make sure taxes are current on it," said Deb Cherry, Genesee County treasurer.
Rickie Miles attended Wednesday's auction at the Gateway Center in Flint.
He has purchased homes at past auctions.
"Fix 'em up, flip 'em, sell 'em, even rent them," said Miles.
One of his homes is currently for sale.
More properties for him mean making a living and having a hand in changing the landscape in Genesee County.
"There's a lot of blighted property out there so it is important that people are here," said Cherry.
Miles said, "my goal ultimately is to have several properties that could be on the rise in the years to come."
Another auction is scheduled for October 29 at the Gateway Center at noon.
For more information, click here.