Marathon Petroleum Co. has announced that it will offer to buy more than 300 homes near the southwest Detroit refinery that is being upgraded to process more Canadian tar sands oil
“„Homeowners will be offered the average price of two appraisals or $40,000 — whichever amount is greater — as the base purchase price.
“„Owners will receive a premium bonus amounting to 50 percent of the average appraised price.
“„A $5,000 allowance of miscellaneous expenses will be available for owners.
“„Those who sign up for the program within the next four months are eligible for a $1,000 bonus.
“„A $500 allowance for owners to seek real estate advice.
“„Up to $1,500 in assistance for new mortgage assistance.
“„“Someone with a $30,000 appraised home is going to walk away with $61,000,” said Tracy Case, a division manager with Marathon Petroleum, on Wednesday.