Millionaire scoops up all 650 homes in Michigan county's foreclosure auction

Bill McMachen paid only $4.8 million for the properties in Macomb County — the price of all the back taxes owed. Other potential bidders have cried foul.

Bill McMachen is a new homeowner – 650 times over.

The millionaire former yacht dealer and harbor owner snapped up hundreds of foreclosed homes in Macomb County, Mich., for a cool $4.8 million, WJBK-TV reported.

He says he plans to sell some of the homes – for an estimated profit of $2 million – and donate the ones he can’t sell to charitable organizations.