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Detroit Is Auctioning Off Incredible Old Homes For $1,000,
But There's A Big Catch (PHOTOS)
Ruins at the abandoned Packard Automotive Plant are seen on September 4, 2013 in Detroit,
Michigan. The Packard Plant was a 3.5 million square foot car manufacturing plant built completed
in 1911. Major operations ceased in 1958, though the plant was used in a limited capacity until the
1990s, with outer buildings used through the mid 2000s. Since then the buildings have fallen into
disrepair - they are now used mostly for graffiti artists and scavengers. Peru-based developer
Fernando Palazuelo purchased the Packard Plant in December. (Photo by Andrew Burton/Getty
Images)
A young man practices backflips on his front lawn on September 4, 2013 in the Six Mile Gratiot
neighborhood of Detroit, Michigan. (Photo by Andrew Burton/Getty Images)
Members of the Detroit Fire Department fight a two-alarm fire that broke out in an abandoned
building on September 4, 2013 in the Six Mile Gratiot neighborhood of Detroit, Michigan. (Photo by
Andrew Burton/Getty Images)
Boys play basketball on the street on September 5, 2013 in Detroit, Michigan. (Photo by Andrew
Burton/Getty Images)
A destroyed tree sits next to the remains of the Fredrick Douglass Housing Projects, which were
abandoned in 2008 and are now being demolished, on September 5, 2013 in Detroit, Michigan.
(Photo by Andrew Burton/Getty Images)
The interior of an abandoned church is seen on September 5, 2013 in Detroit, Michigan. (Photo by
Andrew Burton/Getty Images)
An abandoned home and boat are seen on September 5, 2013 in Detroit, Michigan. (Photo by
Andrew Burton/Getty Images)
Ruins at the abandoned Packard Automotive Plant are seen on September 4, 2013 in Detroit,
Michigan. (Photo by Andrew Burton/Getty Images)
Remnants of Detroit's historic Eastown Theatre are seen on September 4, 2013 in Detroit, Michigan.
The theatre operated as a movie theater, music venue and church off-and-on from 1931 until 2004;
the building could seat 2,500 people. Since 2004 it has been abandoned and fallen into disrepair.
(Photo by Andrew Burton/Getty Images)
In a photo from May 16, 2013 at Crosman School in Detroit, water pools on the warped tile of what
was once a basketball court. No one knows how long the water has flowed through the moldy bowels
of the massive building a few miles north of downtown, but Crosman has been closed since 2007.
It’s not the only empty structure where city water steadily fills dark basements or runs into the
gutter, wasting money and creating safety hazards. (AP Photo/Carlos Osorio)
Waters from a leaking pipe flows down steps at the Caroline Crosman School in Detroit Tuesday,
Oct. 29, 2013. How much treated water is lost this way in Detroit is anybody’s guess. Not even the
city knows. But the cost is passed on in higher rates to water customers in the city, which in July
became the largest in U.S. history to file for bankruptcy, and ironically shut off many of its
decorative fountains last summer as a cost-saving measure. (AP Photo/Paul Sancya)
Water from a leaking pipe covers the gymnasium floor at the Caroline Crosman School in Detroit
Tuesday, Oct. 29, 2013. How much treated water is lost this way in Detroit is anybody’s guess. Not
even the city knows. But the cost is passed on in higher rates to water customers in the city, which
in July became the largest in U.S. history to file for bankruptcy, and ironically shut off many of its
decorative fountains last summer as a cost-saving measure. (AP Photo/Paul Sancya)
The Caesars Windsor Casino stands in contrast to an abandoned warehouse in Detroit. (Photo by
Bonnie Jo Mount/The Washington Post via Getty Images)
A tree stump sits among the ruins of the Packard Automotive Plant, a 35 acre site where luxury cars
were manufactured until the 1950s on May 2, 2013 in Detroit. (Photo by Ann Hermes/The Christian
Science Monitor via Getty Images)
Graffiti covers an abandoned building February 24, 2013 in Detroit, Michigan. (Photo by J.D.
Pooley/Getty Images)
In a photo shot on Tuesday, Feb. 14, 2012, a dog looks out from behind a wall in an abandoned home
in Detroit. (AP Photo/Carlos Osorio)
Abandoned houses are painted orange as part of Object Orange: Detroit, Disneyland, Demolition, are
located off of the Davison Freeway service drive in Highland Park, Michigan on Thursday, May 18,
2006. (Photo by Jeff Kowalsky/Bloomberg via Getty Images)
Residents that live in Detroit's east end came out of their homes to watch the third abandoned
building fire of the day at the corner of Frederick and Chene. (Photo by Lucas Oleniuk/Toronto Star
via Getty Images)
In a July 31, 2012 photo, a boat is dumped in a field in east Detroit. Abandoned lots, alleys and
neglected parks in Detroit used to be a favorite destination for discarded tires and trash. But over
the past few months they have become dumping grounds for the dead. At least seven bodies have
been found in some of the most desolated haunts in a half-empty city. (AP Photo/Carlos Osorio)
A City of Detroit fire station that was recently closed is seen February 24, 2013 in Detroit, Michigan.
(Photo by J.D. Pooley/Getty Images)
Part of the Brewster-Douglass housing project site is shown in Detroit, Friday, March 18, 2011. (AP
Photo/Paul Sancya)
The abandoned Detroit Public Schools book depository
Detail of unused books left to rot at the abandoned Detroit Public Schools book depository.
The view from the inside of the abandoned Fisher Body Plant in Detroit.
Graffiti covers a crumbling building February 24, 2013 in Detroit, Michigan. (Photo by J.D.
Pooley/Getty Images)
The General Motors (GM) world headquarters is seen February 24, 2013 in Detroit, Michigan. (Photo
by J.D. Pooley/Getty Images)
Detroit firefighters arrived on the scene of an abandoned dwelling fire at 2645/51 Frederick Street
in Detroit's east end. (Photo by Lucas Oleniuk/Toronto Star via Getty Images)
A sign advertising building rates is seen on an abandoned building on February 24, 2013 in Detroit,
Michigan. (Photo by J.D. Pooley/Getty Images)
An abandoned boat filled with trash sits on Conant Street in Detroit, Michigan, on Sunday, April 9,
2006. Detroit eliminated bulk trash pick up three months ago due to budget cuts. (Photo by Jeff
Kowalsky/Bloomberg via Getty Images)
A man walks past an abandoned house that is painted orange as part of Object Orange: Detroit,
Disneyland, Demolition, located off of the Davison Freeway service drive in Highland Park, Michigan
on Thursday, May 18, 2006. (Photo by Jeff Kowalsky/Bloomberg via Getty Images)
Barbed wire blocks the entrance of the abandoned Michigan Central Station on May 2, 2013 in
Detroit, Michigan. The station was opened in 1913, closed in 1988, and has fallen into disrepair
since. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images)
Steam rises from a manhole at dawn among abandoned buildings and factories along East Warren
Avenue on May 2, 2013 in Detroit, Michigan. (Photo by Ann Hermes/The Christian Science Monitor
via Getty Images)
A man walks past the abandoned East Grand Boulevard Methodist Chruch on May 2, 2013 in Detroit,
Michigan. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images)
Two abandoned apartment buildings burn on Waverly Street in the declining Detroit enclave of
Highland Park. Last year the Detroit Fire Department received 27,000 calls. (Photo by Lucas
Oleniuk/Toronto Star via Getty Images)
Michigan Central Stationis Detroit's most famous ruin, with the train station last open in 1988.
Designed by the same architects as New York's Grand Central Station.
An interior shot of the massive Michigan Central Station.
A worker measures the former Detroit Fire Department Ladder No. 10 firehouse on Mt. Elliott in
Detroit, Wednesday, May 8, 2013. Detroit plans to sell seven unused firehouses and a renovated but
long-vacant police facility that once housed horses as part of an effort to raise money and encourage
redevelopment. (AP Photo/Paul Sancya)
A July 31, 2012 photo shows a memorial to two killed teens whose decomposing bodies were found
July 27 in a field in east Detroit. Abandoned lots, alleys and neglected parks in Detroit used to be a
favorite destination for discarded tires and trash. But over the past few months they have become
dumping grounds for the dead. At least seven bodies have been found in some of the most desolated
haunts in a half-empty city. (AP Photo/Carlos Osorio)
This Oct. 24, 2012 file photo shows a graffiti-marked abandoned home north of downtown Detroit, in
background. (AP Photo/Carlos Osorio, File)
Graffiti covers an abandoned building at the former Belle Isle Safari Zoo February 24, 2013 in
Detroit, Michigan. (Photo by J.D. Pooley/Getty Images)
In this Dec. 11, 2008 file photo, pedestrians walk by the abandoned Packard plant in Detroit. (AP
Photo/Carlos Osorio, File)
Members of the Detroit Fire Department exit after putting out a fire in an abandoned house in
Detroit on Thursday, Feb. 21, 2013. Photographer: Jeff Kowalsky/Bloomberg via Getty Images
Shuttered Packard motor car company plant in Detroit.
In this Oct. 24, 2012, photo, a broken streetlight lies on a sidewalk east of downtown Detroit. (AP
Photo/Carlos Osorio)
The abandoned Harbor Light Center, in Detroit, Michigan on July 21, 2012. (Photo By Raymond
Boyd/Michael Ochs Archives/Getty Images)
The abandoned Hotel Eddystone, in Detroit, Michigan on July 21, 2012. (Photo By Raymond
Boyd/Michael Ochs Archives/Getty Images)
An abandoned home is seen on February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty
Images)
The abandoned First Unitarian Church, in Detroit, Michigan on July 21, 2012. (Photo By Raymond
Boyd/Michael Ochs Archives/Getty Images)
The abandoned Detroit Public Schools book depository.
The back of an abandoned building facing, in Detroit, Michigan on July 21, 2012. (Photo By Raymond
Boyd/Michael Ochs Archives/Getty Images)
Abandoned Detroit Central Depot shot from street.
This Oct. 24, 2012, photo shows a broken streetlight base on a sidewalk east of downtown Detroit.
When the World Series was broadcast that week, television viewers saw vibrant crowds and skyline
shots of the city. Yet beyond the hot dogs and home runs, Detroit is struggling to cross home plate.
(AP Photo/Carlos Osorio)
The General Motors world headquarters building is shown near an abandoned building March 30,
2009 in Detroit. (Photo by Bill Pugliano/Getty Images)
Exterior of abandoned house in Detroit, a familiar sight in many neighborhoods.
The back of the abandoned Michigan Central Station on May 1, 2013 in Detroit. (Photo by Ann
Hermes/The Christian Science Monitor via Getty Images)
An abandoned home in Detroit.
An abandoned building in Detroit.
In a July 31, 2012 photo, a trashed strewn street is seen in east Detroit. Abandoned lots, alleys and
neglected parks in Detroit used to be a favorite destination for discarded tires and trash. But over
the past few months they have become dumping grounds for the dead. At least seven bodies have
been found in some of the most desolated haunts in a half-empty city. (AP Photo/Carlos Osorio)
Graffiti decorates the ruins of the Packard Automotive Plant, a 35 acre site where luxury cars were
manufactured until the 1950s on May 2, 2013 in Detroit, Michigan. Sitting on the East side of
Detroit, the former automotive plant is now a site for scavengers, urban explorers and graffiti
artists. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images)
The abandoned Fisher Body Plant.
The Fisher Body Plant in Detroit, which is abandoned.
Part of the Brewster-Douglass housing project site is shown in Detroit, Friday, March 18, 2011. (AP
Photo/Paul Sancya)
Aerial photograph of the Michigan Central Station's Beaux-Arts facade in Detroit, Michigan.
A firefighter stands by as his co-workers attempt to extinguish a blaze at the abandoned duplex at
2645/51 Frederick Street in Detroit's east end.The fire was the first of three on the same day. (Photo
by Lucas Oleniuk/Toronto Star via Getty Images)
An abandoned home is seen with the Detroit skyline in the background on September 5, 2013 in
Detroit, Michigan. (Photo by Andrew Burton/Getty Images)
The interior of an abandoned church is seen on September 5, 2013 in Detroit, Michigan. (Photo by
Andrew Burton/Getty Images)

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Detroit Is Auctioning Off Incredible Old Homes For $1,000, But There's A Big Catch (PHOTOS)

  • 1. Detroit Is Auctioning Off Incredible Old Homes For $1,000, But There's A Big Catch (PHOTOS) Ruins at the abandoned Packard Automotive Plant are seen on September 4, 2013 in Detroit, Michigan. The Packard Plant was a 3.5 million square foot car manufacturing plant built completed in 1911. Major operations ceased in 1958, though the plant was used in a limited capacity until the 1990s, with outer buildings used through the mid 2000s. Since then the buildings have fallen into disrepair - they are now used mostly for graffiti artists and scavengers. Peru-based developer Fernando Palazuelo purchased the Packard Plant in December. (Photo by Andrew Burton/Getty Images) A young man practices backflips on his front lawn on September 4, 2013 in the Six Mile Gratiot neighborhood of Detroit, Michigan. (Photo by Andrew Burton/Getty Images) Members of the Detroit Fire Department fight a two-alarm fire that broke out in an abandoned building on September 4, 2013 in the Six Mile Gratiot neighborhood of Detroit, Michigan. (Photo by Andrew Burton/Getty Images) Boys play basketball on the street on September 5, 2013 in Detroit, Michigan. (Photo by Andrew Burton/Getty Images) A destroyed tree sits next to the remains of the Fredrick Douglass Housing Projects, which were abandoned in 2008 and are now being demolished, on September 5, 2013 in Detroit, Michigan. (Photo by Andrew Burton/Getty Images) The interior of an abandoned church is seen on September 5, 2013 in Detroit, Michigan. (Photo by Andrew Burton/Getty Images) An abandoned home and boat are seen on September 5, 2013 in Detroit, Michigan. (Photo by Andrew Burton/Getty Images) Ruins at the abandoned Packard Automotive Plant are seen on September 4, 2013 in Detroit, Michigan. (Photo by Andrew Burton/Getty Images)
  • 2. Remnants of Detroit's historic Eastown Theatre are seen on September 4, 2013 in Detroit, Michigan. The theatre operated as a movie theater, music venue and church off-and-on from 1931 until 2004; the building could seat 2,500 people. Since 2004 it has been abandoned and fallen into disrepair. (Photo by Andrew Burton/Getty Images) In a photo from May 16, 2013 at Crosman School in Detroit, water pools on the warped tile of what was once a basketball court. No one knows how long the water has flowed through the moldy bowels of the massive building a few miles north of downtown, but Crosman has been closed since 2007. It’s not the only empty structure where city water steadily fills dark basements or runs into the gutter, wasting money and creating safety hazards. (AP Photo/Carlos Osorio) Waters from a leaking pipe flows down steps at the Caroline Crosman School in Detroit Tuesday, Oct. 29, 2013. How much treated water is lost this way in Detroit is anybody’s guess. Not even the city knows. But the cost is passed on in higher rates to water customers in the city, which in July became the largest in U.S. history to file for bankruptcy, and ironically shut off many of its decorative fountains last summer as a cost-saving measure. (AP Photo/Paul Sancya) Water from a leaking pipe covers the gymnasium floor at the Caroline Crosman School in Detroit Tuesday, Oct. 29, 2013. How much treated water is lost this way in Detroit is anybody’s guess. Not even the city knows. But the cost is passed on in higher rates to water customers in the city, which in July became the largest in U.S. history to file for bankruptcy, and ironically shut off many of its decorative fountains last summer as a cost-saving measure. (AP Photo/Paul Sancya) The Caesars Windsor Casino stands in contrast to an abandoned warehouse in Detroit. (Photo by Bonnie Jo Mount/The Washington Post via Getty Images) A tree stump sits among the ruins of the Packard Automotive Plant, a 35 acre site where luxury cars were manufactured until the 1950s on May 2, 2013 in Detroit. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) Graffiti covers an abandoned building February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Images) In a photo shot on Tuesday, Feb. 14, 2012, a dog looks out from behind a wall in an abandoned home in Detroit. (AP Photo/Carlos Osorio)
  • 3. Abandoned houses are painted orange as part of Object Orange: Detroit, Disneyland, Demolition, are located off of the Davison Freeway service drive in Highland Park, Michigan on Thursday, May 18, 2006. (Photo by Jeff Kowalsky/Bloomberg via Getty Images) Residents that live in Detroit's east end came out of their homes to watch the third abandoned building fire of the day at the corner of Frederick and Chene. (Photo by Lucas Oleniuk/Toronto Star via Getty Images) In a July 31, 2012 photo, a boat is dumped in a field in east Detroit. Abandoned lots, alleys and neglected parks in Detroit used to be a favorite destination for discarded tires and trash. But over the past few months they have become dumping grounds for the dead. At least seven bodies have been found in some of the most desolated haunts in a half-empty city. (AP Photo/Carlos Osorio) A City of Detroit fire station that was recently closed is seen February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Images) Part of the Brewster-Douglass housing project site is shown in Detroit, Friday, March 18, 2011. (AP Photo/Paul Sancya) The abandoned Detroit Public Schools book depository Detail of unused books left to rot at the abandoned Detroit Public Schools book depository. The view from the inside of the abandoned Fisher Body Plant in Detroit. Graffiti covers a crumbling building February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Images) The General Motors (GM) world headquarters is seen February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Images)
  • 4. Detroit firefighters arrived on the scene of an abandoned dwelling fire at 2645/51 Frederick Street in Detroit's east end. (Photo by Lucas Oleniuk/Toronto Star via Getty Images) A sign advertising building rates is seen on an abandoned building on February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Images) An abandoned boat filled with trash sits on Conant Street in Detroit, Michigan, on Sunday, April 9, 2006. Detroit eliminated bulk trash pick up three months ago due to budget cuts. (Photo by Jeff Kowalsky/Bloomberg via Getty Images) A man walks past an abandoned house that is painted orange as part of Object Orange: Detroit, Disneyland, Demolition, located off of the Davison Freeway service drive in Highland Park, Michigan on Thursday, May 18, 2006. (Photo by Jeff Kowalsky/Bloomberg via Getty Images) Barbed wire blocks the entrance of the abandoned Michigan Central Station on May 2, 2013 in Detroit, Michigan. The station was opened in 1913, closed in 1988, and has fallen into disrepair since. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) Steam rises from a manhole at dawn among abandoned buildings and factories along East Warren Avenue on May 2, 2013 in Detroit, Michigan. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) A man walks past the abandoned East Grand Boulevard Methodist Chruch on May 2, 2013 in Detroit, Michigan. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) Two abandoned apartment buildings burn on Waverly Street in the declining Detroit enclave of Highland Park. Last year the Detroit Fire Department received 27,000 calls. (Photo by Lucas Oleniuk/Toronto Star via Getty Images) Michigan Central Stationis Detroit's most famous ruin, with the train station last open in 1988. Designed by the same architects as New York's Grand Central Station. An interior shot of the massive Michigan Central Station.
  • 5. A worker measures the former Detroit Fire Department Ladder No. 10 firehouse on Mt. Elliott in Detroit, Wednesday, May 8, 2013. Detroit plans to sell seven unused firehouses and a renovated but long-vacant police facility that once housed horses as part of an effort to raise money and encourage redevelopment. (AP Photo/Paul Sancya) A July 31, 2012 photo shows a memorial to two killed teens whose decomposing bodies were found July 27 in a field in east Detroit. Abandoned lots, alleys and neglected parks in Detroit used to be a favorite destination for discarded tires and trash. But over the past few months they have become dumping grounds for the dead. At least seven bodies have been found in some of the most desolated haunts in a half-empty city. (AP Photo/Carlos Osorio) This Oct. 24, 2012 file photo shows a graffiti-marked abandoned home north of downtown Detroit, in background. (AP Photo/Carlos Osorio, File) Graffiti covers an abandoned building at the former Belle Isle Safari Zoo February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Images) In this Dec. 11, 2008 file photo, pedestrians walk by the abandoned Packard plant in Detroit. (AP Photo/Carlos Osorio, File) Members of the Detroit Fire Department exit after putting out a fire in an abandoned house in Detroit on Thursday, Feb. 21, 2013. Photographer: Jeff Kowalsky/Bloomberg via Getty Images Shuttered Packard motor car company plant in Detroit. In this Oct. 24, 2012, photo, a broken streetlight lies on a sidewalk east of downtown Detroit. (AP Photo/Carlos Osorio) The abandoned Harbor Light Center, in Detroit, Michigan on July 21, 2012. (Photo By Raymond Boyd/Michael Ochs Archives/Getty Images) The abandoned Hotel Eddystone, in Detroit, Michigan on July 21, 2012. (Photo By Raymond Boyd/Michael Ochs Archives/Getty Images)
  • 6. An abandoned home is seen on February 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Images) The abandoned First Unitarian Church, in Detroit, Michigan on July 21, 2012. (Photo By Raymond Boyd/Michael Ochs Archives/Getty Images) The abandoned Detroit Public Schools book depository. The back of an abandoned building facing, in Detroit, Michigan on July 21, 2012. (Photo By Raymond Boyd/Michael Ochs Archives/Getty Images) Abandoned Detroit Central Depot shot from street. This Oct. 24, 2012, photo shows a broken streetlight base on a sidewalk east of downtown Detroit. When the World Series was broadcast that week, television viewers saw vibrant crowds and skyline shots of the city. Yet beyond the hot dogs and home runs, Detroit is struggling to cross home plate. (AP Photo/Carlos Osorio) The General Motors world headquarters building is shown near an abandoned building March 30, 2009 in Detroit. (Photo by Bill Pugliano/Getty Images) Exterior of abandoned house in Detroit, a familiar sight in many neighborhoods. The back of the abandoned Michigan Central Station on May 1, 2013 in Detroit. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) An abandoned home in Detroit. An abandoned building in Detroit.
  • 7. In a July 31, 2012 photo, a trashed strewn street is seen in east Detroit. Abandoned lots, alleys and neglected parks in Detroit used to be a favorite destination for discarded tires and trash. But over the past few months they have become dumping grounds for the dead. At least seven bodies have been found in some of the most desolated haunts in a half-empty city. (AP Photo/Carlos Osorio) Graffiti decorates the ruins of the Packard Automotive Plant, a 35 acre site where luxury cars were manufactured until the 1950s on May 2, 2013 in Detroit, Michigan. Sitting on the East side of Detroit, the former automotive plant is now a site for scavengers, urban explorers and graffiti artists. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) The abandoned Fisher Body Plant. The Fisher Body Plant in Detroit, which is abandoned. Part of the Brewster-Douglass housing project site is shown in Detroit, Friday, March 18, 2011. (AP Photo/Paul Sancya) Aerial photograph of the Michigan Central Station's Beaux-Arts facade in Detroit, Michigan. A firefighter stands by as his co-workers attempt to extinguish a blaze at the abandoned duplex at 2645/51 Frederick Street in Detroit's east end.The fire was the first of three on the same day. (Photo by Lucas Oleniuk/Toronto Star via Getty Images) An abandoned home is seen with the Detroit skyline in the background on September 5, 2013 in Detroit, Michigan. (Photo by Andrew Burton/Getty Images) The interior of an abandoned church is seen on September 5, 2013 in Detroit, Michigan. (Photo by Andrew Burton/Getty Images)