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
Millionaire Buys EVERY Foreclosed Home In A County….(at least he wasn't Chinese)
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Not a surprise; few months ago saw government scheme to sell properties in bulk/lots. Another way around…so much for justice.
Thought you may be interested in this: https://www.businessinsider.com/standard-chartered-complaint-quote-you-fcking-americans-2012-8
Little kingdoms, eh?? We’re well on our way back to the traditional feudal system.
MATT, QUESTION: I THINK HE BOUGHT A PIG IN A POKE. ALL OF THE TITLES ARE CLOUDED BASED ON WHAT WE KNOW ABOUT THE FRAUD.
WHAT IS YOUR TAKE ON THIS ??????
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