November 24, 2014 | The Detroit News
Detroit — Fannie Mae is giving Detroit 44 of its foreclosed houses, along with $15,000 apiece for 18 of the properties that need to be demolished.
The deal with the Detroit Land Bank, announced Monday, is the first group of surplus foreclosed properties Fannie Mae plans to give Detroit. The goal is for most to be sold to qualified buyers who can rehabilitate them and the rest be demolished. [...]