Detroit Plans Home Auctions Starting at $1K

The auction website is being set up to sell abandoned and foreclosed homes.
0:36 | 04/15/14

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Transcript for Detroit Plans Home Auctions Starting at $1K
Detroit is about to start auctioning off a bunch of vacant homes and a new aggressive plan aimed. At trying to revitalize the depressed areas of the city each day one of the homes will be up for auction on a web -- the starting bid 1000 dollars. But there is one big condition the winning bidders must get the home fixed up fast and have someone living in -- within six months. Or guess what they lose the home the city takes it back right now the city -- 161000. Vacant homes. That auction begins may fifth.

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