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

Damages at the abandoned Packard Automotive Plant are viewed on September 4, 2013 in Detroit,Michigan. The Packard Plant was a 3.5 million square foot automobile production plant constructedfinished in 1911. Significant procedures stopped in 1958, though the plant was utilized in a limitedability up until the 1990s, with outer buildings used via the mid 2000s. Ever since the structureshave actually fallen under disrepair - they are now made use of mainly for graffiti artists as well asscavengers. Peru-based designer Fernando Palazuelo acquired the Packard Plant in December.(Picture by Andrew Burton/Getty Photos)

A youthful man techniques backflips on his front lawn on September 4, 2013 in the Six Mile Gratiotcommunity of Detroit, Michigan. (Image by Andrew Burton/Getty Graphics)

Participants of the Detroit Engine company combat a two-alarm fire that burst out in a desertedstructure on September 4, 2013 in the 6 Mile Gratiot neighborhood of Detroit, Michigan. (Picture byAndrew Burton/Getty Graphics)

Boys play basketball on the road on September 5, 2013 in Detroit, Michigan. (Photo by AndrewBurton/Getty Pictures)

A ruined tree rests alongside the remains of the Fredrick Douglass Real estate Projects, which wereabandoned in 2008 and are now being knocked down, on September 5, 2013 in Detroit, Michigan.(Image by Andrew Burton/Getty Photos)

The inside of a deserted church is seen on September 5, 2013 in Detroit, Michigan. (Picture byAndrew Burton/Getty Graphics)

An abandoned home and watercraft are seen on September 5, 2013 in Detroit, Michigan. (Photo byAndrew Burton/Getty Images)

Damages at the deserted Packard Automotive Plant are seen on September 4, 2013 in Detroit,Michigan. (Picture by Andrew Burton/Getty Graphics)

Remainders of Detroit's historical Eastown Theater are viewed on September 4, 2013 in Detroit,Michigan. The theatre ran as a theater, music location as well as church off-and-on from 1931 until2004; the building could possibly seat 2,500 folks. Because 2004 it has been abandoned as well asdropped right into disrepair. (Photo by Andrew Burton/Getty Photos)

In a photo from Might 16, 2013 at Crosman Institution in Detroit, water pools on the deformed tile ofjust what was when a basketball court. No person understands how long the water has actuallystreamed through the musty bowels of the substantial structure a couple of miles north of midtown,but Crosman has actually been shut because 2007. It s not the only vacant structure where citywater progressively fills dark basements or faces the rain gutter, squandering cash as well ascreating safety risks. (AP Photo/Carlos Osorio)

Waters from a dripping pipe moves down actions at the Caroline Crosman School in Detroit Tuesday,Oct. 29, 2013. Exactly how much treated water is lost this means in Detroit is any person s suspect.Not even the city understands. However the expense is passed on in greater prices to water clients

in the city, which in July ended up being the largest in U.S. record to apply for bankruptcy, and alsoparadoxically shut off numerous of its attractive water fountains last summertime as a cost-savingstep. (AP Photo/Paul Sancya)

Water from a dripping pipe covers the gym floor surface at the Caroline Crosman School in DetroitTuesday, Oct. 29, 2013. Just how much treated water is lost through this in Detroit is anybody ssuspect. Not also the city recognizes. However the cost is handed down in higher prices to waterconsumers in the city, which in July ended up being the largest in U.S. past to apply for insolvency,and ironically closed off numerous of its attractive water fountains last summertime as a cost-savingstep. (AP Photo/Paul Sancya)

The Caesars Windsor Gambling establishment fills in comparison to a deserted stockroom in Detroit.(Image by Bonnie Jo Mount/The Washington Article by means of Getty Images)

A tree stump rests amongst the damages of the Packard Automotive Plant, a 35 acre website wherehigh-end vehicles were produced till the 1950s on Might 2, 2013 in Detroit. (Picture by AnnHermes/The Christian Science Display through Getty Images)

Graffiti covers a deserted building February 24, 2013 in Detroit, Michigan. (Picture by J.D.Pooley/Getty Graphics)

In a photo go on Tuesday, Feb. 14, 2012, a dog looks out from behind a wall in a deserted house inDetroit. (AP Photo/Carlos Osorio)

Abandoned houses are painted orange as component of Things Orange: Detroit, Disneyland,Demolition, are found off of the Davison Freeway solution drive in Mountainous Park, Michigan onThursday, May 18, 2006. (Photo by Jeff Kowalsky/Bloomberg using Getty Images)

Citizens that reside in Detroit's eastern end came out of their homes to view the third desertedbuilding fire of the day at the corner of Frederick and Chene. (Image by Lucas Oleniuk/Toronto Starthrough Getty Images)

In a July 31, 2012 image, a watercraft is dumped in an area in eastern Detroit. Abandoned greatdeals, streets and neglected parks in Detroit used to be a favored location for discarded tires andgarbage. But over the previous couple of months they have come to be discarding premises for thedead. At least seven bodies have been located in some of one of the most desolated haunts in a half-empty city. (AP Photo/Carlos Osorio)

A City of Detroit station house that was recently closed is viewed February 24, 2013 in Detroit,Michigan. (Photo by J.D. Pooley/Getty Images)

Component of the Brewster-Douglass housing task site is shown in Detroit, Friday, March 18, 2011.(AP Photo/Paul Sancya)

The deserted Detroit Public Schools publication depository

Specific of extra books left to rot at the abandoned Detroit Public Schools publication vault.

The sight from the in of the deserted Fisher Body Plant in Detroit.

Graffiti covers a collapsing structure February 24, 2013 in Detroit, Michigan. (Picture by J.D.

Pooley/Getty Graphics)

The General Motors (GM) globe headquarters is viewed February 24, 2013 in Detroit, Michigan.(Photo by J.D. Pooley/Getty Photos)

Detroit firemens showed up on the scene of an abandoned home fire at 2645/51 Frederick Street inDetroit's eastern end. (Image by Lucas Oleniuk/Toronto Superstar through Getty Images)

An indication advertising and marketing building rates is seen on an abandoned building onFebruary 24, 2013 in Detroit, Michigan. (Photo by J.D. Pooley/Getty Pictures)

A deserted boat loadeded with garbage sits on Conant Road in Detroit, Michigan, on Sunday, April 9,2006. Detroit did away with mass trash pick up three months ago due to budget plan cuts. (Pictureby Jeff Kowalsky/Bloomberg by means of Getty Images)

A man walks past a deserted house that is repainted orange as component of Things Orange:Detroit, Disneyland, Demolition, situated off of the Davison Freeway solution drive in Highland Park,Michigan on Thursday, Might 18, 2006. (Image by Jeff Kowalsky/Bloomberg by means of GettyImages)

Barbed cable blocks the entry of the abandoned Michigan Central Station on May 2, 2013 in Detroit,Michigan. The terminal was opened up in 1913, shut in 1988, as well as has actually come underdisrepair since. (Picture by Ann Hermes/The Christian Science Screen via Getty Images)

Steam rises from a manhole at dawn amongst deserted structures and manufacturing facilities alongEast Warren Avenue on Might 2, 2013 in Detroit, Michigan. (Picture by Ann Hermes/The ReligiousScience Display by means of Getty Images)

A guy walks past the deserted East Grand Blvd Methodist Chruch on Could 2, 2013 in Detroit,Michigan. (Picture by Ann Hermes/The Religious Science Monitor via Getty Images)

2 deserted apartment house burn on Waverly Street in the decreasing Detroit enclave of HighlandPark. In 2013 the Detroit Fire Department got 27,000 calls. (Picture by Lucas Oleniuk/Toronto Starby means of Getty Images)

Michigan Central Stationis Detroit's most famous wreck, with the train station last open in 1988.Designed by the exact same engineers as New York's Grand Central Station.

An indoor chance of the enormous Michigan Central Station.

A worker gauges the previous Detroit Engine company Ladder No. 10 firehouse on Mt. Elliott inDetroit, Wednesday, May 8, 2013. Detroit intends to market 7 unused firehouses and also aremodelled yet long-vacant cops center that once housed equines as component of an initiative to liftcash as well as urge redevelopment. (AP Photo/Paul Sancya)

A July 31, 2012 image reveals a memorial to two killedteenagers whose rotting bodies were located July 27 in afield in east Detroit. Abandoned great deals, streets andignored parks in Detroit utilized to be a favorite destinationfor disposed of tires as well as garbage. Yet over theprevious few months they have actually ended up beingunloading grounds for the dead. At the very least sevenbodies have actually been discovered in a few of one of themost desolated haunts in a half-empty city. (APPhoto/Carlos Osorio)

This Oct. 24, 2012 documents image reveals a graffiti-marked abandoned home north of midtownDetroit, in background. (AP Photo/Carlos Osorio, Documents)

Graffiti covers a deserted structure at the former Belle Isle Safari Zoo February 24, 2013 in Detroit,Michigan. (Image by J.D. Pooley/Getty Pictures)

In this Dec. 11, 2008 documents image, pedestrians walk by the deserted Packard plant in Detroit.(AP Photo/Carlos Osorio, Documents)

Participants of the Detroit Fire Department exit after producing a fire in an abandoned house inDetroit on Thursday, Feb. 21, 2013. Digital photographer: Jeff Kowalsky/Bloomberg via Getty Images

Shuttered Packard motor vehicle firm plant in Detroit.

In this Oct. 24, 2012, picture, a broken streetlight lies on a walkway eastern of downtown Detroit.(AP Photo/Carlos Osorio)

The abandoned Harbor Light Facility, in Detroit, Michigan on July 21, 2012. (Picture By RaymondBoyd/Michael Ochs Archives/Getty Images)

The deserted Hotels and resort Eddystone, in Detroit, Michigan on July 21, 2012. (Photo ByRaymond Boyd/Michael Ochs Archives/Getty Pictures)

A deserted residence is seen on February 24, 2013 in Detroit, Michigan. (Picture by J.D.Pooley/Getty Pictures)

The deserted First Unitarian Church, in Detroit, Michigan on July 21, 2012. (Image By RaymondBoyd/Michael Ochs Archives/Getty Pictures)

The abandoned Detroit Public Schools book depository.

The back of an abandoned structure encountering, in Detroit, Michigan on July 21, 2012. (Photo ByRaymond Boyd/Michael Ochs Archives/Getty Pictures)

Deserted Detroit Central Depot shot from road.

This Oct. 24, 2012, picture shows a busted streetlight base upon a pavement east of midtownDetroit. When the World Series was relayed that week, tv viewers viewed vibrant groups and alsohorizon chances of the city. Yet past the hotdogs and crowning achievement, Detroit is battling tocross home base. (AP Photo/Carlos Osorio)

The General Motors world headquarters building is shown near a deserted structure March 30, 2009in Detroit. (Image by Bill Pugliano/Getty Graphics)

Exterior of deserted property in Detroit, a familiar view in several communities.

The rear of the deserted Michigan Central Station on May 1, 2013 in Detroit. (Image by AnnHermes/The Religious Science Display using Getty Images)

An abandoned residence in Detroit.

A deserted building in Detroit.

In a July 31, 2012 image, a trashed sprinkled street is seen in eastern Detroit. Deserted lots, streetsand neglected parks in Detroit made use of to be a favored destination for disposed of tires as wellas garbage. However over the previous few months they have ended up being discarding premisesfor the dead. At least 7 bodies have been located in a few of one of the most desolated haunts in ahalf-empty city. (AP Photo/Carlos Osorio)

Graffiti embellishes the ruins of the Packard Automotive Plant, a 35 acre website where deluxevehicles were manufactured till the 1950s on Could 2, 2013 in Detroit, Michigan. Resting on the Eastside of Detroit, the previous automobile plant is now a site for scavengers, metropolitan explorersand also graffiti artists. (Photo by Ann Hermes/The Religious Science Display by means of GettyImages)

The abandoned Fisher Body Plant.

The Fisher Body Plant in Detroit, which is abandoned.

Component of the Brewster-Douglass real estate task site is revealed in Detroit, Friday, March 18,2011. (AP Photo/Paul Sancya)

Airborne photo of the Michigan Central Terminal's Beaux-Arts facade in Detroit, Michigan.

A firefighter waits as his colleagues attempt to snuff out a blaze at the abandoned duplex at 2645/51Frederick Street in Detroit's eastern end.The fire was the very first of 3 on the same day. (Image byLucas Oleniuk/Toronto Superstar via Getty Images)

An abandoned residence is viewed with the Detroit horizon in the background on September 5, 2013in Detroit, Michigan. (Image by Andrew Burton/Getty Images)

The inside of a deserted church is viewed on September 5, 2013 in Detroit, Michigan. (Image byAndrew Burton/Getty Graphics)