$3.2M Detroit foreclosure mystery bidder revealed

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Bidder paying $3.2M for 6,000 Detroit foreclosures . Now THIS is how to invest in real estate! #whenigrowup . An auction in Motor City of around 6,000 foreclosed properties found an mystery bidder who has offered $3.2 million for the buy.

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A deal between the City of Detroit and Herb Strather, a local casino and real estate developer, to buy more than 6,000 foreclosed homes in the. Strather was revealed as the mystery buyer behind the.

$3.2M Detroit foreclosure mystery bidder revealed Posted on October 29, 2014 | Leave a comment The mystery buyer behind the purchase of more than 6,000 Detroit foreclosed homes was revealed on Tuesday, according to an article in Businessweek .

On a national level, appreciation seems to have tempered. Of particular interest, however, is the price several thousand homes in Detroit have fetched – or at least could be worth. To the surprise of the entire housing industry, a mystery bidder has recently offered up $3 million for 6,000 of Detroit’s worst homes.

It looks like someone is willing to invest in Detroit-though who that person is remains a mystery. An auction in Motor City of more than 6,000 foreclosed properties found an unidentified bidder who.