Millionaire Buys EVERY Foreclosed Home In A County….(at least he wasn't Chinese)

MACOMB COUNTY, Mich. ““  A Michigan millionaire decided to go into the real estate business with a bang last week by buying every tax foreclosed property offered at a recent county auction. MyFoxDetroit.com reports Bill McMachen, a businessman and former yacht dealer, paid about $4.8 billion for all 650 tax foreclosed properties at Macomb County’s July 31 sale. Authorities had announced at the auction that the properties could be sold as a package deal for the price of the back taxes, which totaled about $4.8 million. McMachen jumped at the chance Read more: https://www.foxnews.com/us/2012/08/06/millionaire-buys-every-foreclosed-home-in-michigan-county-for-48-million/#ixzz22ldxIF1V