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Monday, August 06, 2012

Millionaire Buys Every Foreclosed Home In Michigan County For $4.8 Million

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.

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1 comment:

  1. AnonymousAugust 6, 2012 at 4:37 PM

    "paid about $4.8 billion "

    Oops! Typo: The article says MILLION!

    ReplyDelete

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