Shaun McNair

Review of Detroit Land Bank Authority

It is a legit organization. I purchased my home vi...

It is a legit organization. I purchased my home via the Land Bank on 5/11/2016 and completed the rehab in just under 9 months. I received sign off today on my rehab and will receive the title in 6 weeks. The Land Bank is structured and you have to abide by their timeline to complete the project, with progress reports every 30 days. You have to do this in order to stay in compliance, you can't just sit on the property. In my particular case, the compliance office was helpful and provided feedback after I submitted my monthly progress reports and pictures. The Land Bank even granted me a 90 day extension to finish the rehab. The only area for improvement I would recommend, would be the time period from winning the home at auction and closing on the property. It took approximately 5 -6 weeks after winning the property to close. My recommendations is to follow the guidelines/timeline the Land Bank set forth, have a realistic budget, and lastly, dependable and licensed contractors to do the work. You will not have any problems.