- Associated Press - Friday, May 8, 2015

DETROIT (AP) - Officials say almost 31,000 Detroit-area properties face tax foreclosure ahead of a Tuesday deadline in Wayne County.

Wayne County Chief Deputy Treasurer David Szymanski tells the Detroit Free Press (https://on.freep.com/1KQZRVD ) that about 9,000 of those properties are occupied. A six-week extension to a March 31 deadline is ending, but Szymanski says an additional deadline extension is under consideration.

The newspaper says about 85 percent of the Wayne County properties facing foreclosure are in Detroit.

So far this year, about 17,000 property owners in Wayne County have entered into payment plans, including a new option called the Interest Reduction Stipulated Payment Agreement. That option allows interest to be reduced on delinquent taxes from 18 percent to 6 percent.

Foreclosures threaten Detroit neighborhoods hard hit by the national mortgage crisis.

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Information from: Detroit Free Press, https://www.freep.com


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