Demolition Probe Heats Up: Detroit Land Bank Receives Visit from Federal Agents

by San Antonio Attorney

The demolition program of Detroit, run by the incumbent Mayor Mike Duggan, will broaden in scope as an investigation is conducted by the federal authorities.

The land bank allegedly used $130 million dollars in federal money.  The money was originally allotted for prevention of foreclosures in Detroit.

This project, otherwise known as the blight elimination campaign, was spearheaded by Duggan.

However, the project was subjected to state and federal investigations after bidding sessions and increased costs aroused suspicion.

Duggan admitted that more money was used for the demolition but these funds have been suspended after the investigation started.

After modifications were made and new rules were added, the funds were then released.  The new rules include state agents assigned in the land bank and local government offices.

Federal agents were assigned at the bank to obtain physical evidence as a part of an ongoing investigation, according to a representative of the U.S. Attorney’s office in Detroit.

The representative added that citizens deserve to know the current status of the investigation after the court hearing.

Duggan’s office has not released any comment on the matter.  He is on an official business trip with Governor Snyder in China.

Homeowners are highly advised to consult a legal expert if they encounter problems with foreclosure.  Dealing with banks can be tedious and stressful so an experienced lawyer should be hired to alleviate the burden.

The lawyer will initiate a direct negotiation with the bank and will present possible solutions such as: bank and mortgage owner renegotiation, lessened payments, shifting the current mortgage from ARM to traditional as a form of refinancing and a short sale negotiation instead of facing foreclosure.

If you’re facing foreclosure, you need a lawyer who will represent you and make the bank to pay attention to you. A San Antonio Foreclosure Attorney is going to cut through the red tape by talking directly with the bank.

 

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