This home was listed about a year ago on 5-25-2012 for sale at $14,000.00. It sold on 6-19-2012 for $12,500.00. It is not listed for sale or as a lease currently. What you see on Trulia is just a Public Record.
Let me know if you need anything else,
I fear that this money has simply dried up in today's foreclosure laden markets. It would be an exceptionally risky investment especially in Detroit and would require such a large down payment or interest that it would be cost prohibitive for the buyer. I think that we have fortunately (you may disagree) returned to a time where these types of buyers rent and wait to save up some money and learn to handle money before diving into a house. While there is plenty of blame to go around, it was these types of loans that helped us into this mess to begin with, I would be just as happy to not see them come back.
Cameron Piper... more