ALPENA
COUNTY TREASURER'S OFFICE
Joelyn
McCallum, Treasurer
(989)
354-9534
THE TAX-REVERSION LAW OF 1999
WHAT
IT MEANS FOR THE DELINQUENT TAXPAYER
In October 1999, the
Legislature enacted, and signed into law, significant changes to the State's
tax-reversion process. Public Act 123 establishes a new tax-reversion
process in which annual tax sales were eliminated in favor of an annual forfeiture
and judicial foreclosure process.
Your
County Treasurer will be responsible for the foreclosure and sale of
tax-reverted property. By
having your Treasurer handle the process, the County of Alpena will have local
control over the
entire tax-reversion process from beginning to end, from forfeiture to sale. The
ENTIRE PROCESS
will take place here in Alpena. The County of Alpena-NOT
LANSING-will have the flexibility to fashion creative solutions to
meet particular taxpayer needs.
THERE
ARE FOUR MAJOR STEPS UNDER THE NEW SYSTEM
DELINQUENCY...
Taxes that are billed by your city or township treasurer and not paid by the
taxpayer will be
returned delinquent to the County Treasurer on March 1st. A 4%
Administration fee and interest of 1% per month will be added beginning March
1st. This part of the law has not
changed. However, under the new law an additional $15.00 fee will be
added six months later
on October 1st. SIX MONTHS LATER your property will be placed in. ..
FORFEITURE...
Interest and fees will become higher. When a property is forfeited, the interest
rate goes from 1% per month to 1.5% per month retroactive to the date the
taxes became delinquent. IN ADDITION, A $175.00 FEE WILL BE
ADDED ON MARCH 1ST OF THE SECOND YEAR. After a property
has been in forfeiture for ONE YEAR it will be placed in. ..
FORECLOSURE..
At this point, title work will have taken place. Mailing and publishing of
notices will have
taken place as well as Administrative Show Cause Hearings and Judicial Foreclosure
Hearings. Once the above process has been completed, the circuit court enters a
judgment of
foreclosure quieting title and the County Treasurer starts the process of. ..
LAND
DISPOSITION...THIS IS THE SALE OF YOUR PROPERTY. You
cannot get your property
back after it has been foreclosed. Foreclosure is final! Property that
has been foreclosed
will be sold at Public Auction to the highest bidder. ALL SALES WILL BE FINAL
WITH NO RECOURSE BY
THE PREVIOUS LANDOWNER TO RECLAIM TITLE TO THE PROPERTY.
It
is extremely important that you understand the new law that took effect October
1, 1999.
PLEASE CONTACT US FOR MORE
INFORMATION ON HOW
TO PREVENT YOUR PROPERTY FROM BEING SOLD AT PUBLIC
AUCTION.
For further information on these land sales, check the websites
listed below:
www.tax-sale.info
www.ebayliveauctions.com - search for Alpena County, Michigan Land Auction
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