Lots of opportunity for "personal gain" here. Lots........Land Banks Profit By Cutting In Front of People Wanting To Buy Property

Another public-private "partnership" hidden in the shadows.
Land Banks Profit By Cutting In Front of People Wanting To Buy Property [Michigan Capitol Confidential]:
"In some cases in Michigan, land banks have scooped up property for the price of back taxes owed and resold it for the benefit of the land bank.
Taxpayers lose because the practice bypasses private sector buyers who may offer more money for the properties at a public auction."