Tax-Foreclosed Properties a Good Deal for Buyer and Seller
Looking for a good property deal? State officials are looking to provide one.
More than 370 tax-foreclosed properties are going on the auction block starting today for a two-day event designed to put properties into the hands of those who can afford them and tax dollars back into the hands of local municipalities.
The State of Michigan Tax-Foreclosed, Real Property Auctions will offer homes in 12 counties to buyers ready to make a deal.
Department of Treasury Spokesperson Terry Stanton says the idea is good for all involved.
Stanton says properties being let go are foreclosed due to delinquent property taxes at the state or county level. Parcels may be vacant residential or commercial lots, or may have occupied or abandoned structures on them.
Parcels up for grabs today are in the following counties: Dickinson, Iosco, Iron, Kalkaska, Keweenaw, Luce and Mecosta. Registration for those interested is at the Ramada Inn in Grayling.
Properties to be auctioned off on Wednesday are in central Michigan counties: Branch, Clinton, Eaton, Livingston and Shiawassee.
Those interested in those auctions, should register tomorrow at the Ramada Lansing Hotel & Conference Center on West Saginaw in Lansing.
It is the responsibility of the purchaser to thoroughly research the property with the municipality in which the property is located.
For more information, you can log on to www.michigan.gov/propertyforeclosures
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