Michigan was once a tax lien state with a significant high rate of return. According to legislation passed in 1999, the state now sells tax deeds. Michigan law allows the county to foreclose on real property with unpaid property taxes if 2.5 years elapse and the taxes are not paid. I suggest reviewing the Michigan statutes and certainly networking with investors who have worked with the new laws. These laws were enacted in 2001 and it has been my experience that courts will interpret these laws differently so use some caution when pursuing Michigan tax deeds.
In Michigan I suggest reading the tax code yourself and then contacting some investors from a local Real Estate Investment Club. I have not invested in Michigan and have not reviewed the court's treatment of these new provisions. Michigan also has many favorable tax lien certificates states within driving distance so you may also consider a multi-state strategy.
NOTE: In all tax deed states research is very important. This is because the possibility of land ownership is very high. You should begin reading the state statutes relating to property taxes and delinquent tax collection practices. It is very important to be fully aware of which liens will survive the sale and foreclosure of the deed. The new owner of the parcel will be responsible for any surviving liens and claims attached to the property.
We currently do not sell a product that details the Michigan tax deed sale process. I do have extensive experience with deed sale purchases and can give you some critical research suggestions to making tax deed sales work. I do suggest reading the state's tax code relating to property taxes. If you have any questions please email me or set up a consultation. If you are interested in investing in any other states I have developed two high detailed 'best of breed' tax sale products that will guide you through the entire process of researching, inspecting,
locating, and profiting from tax defaulted sales. If you are interested in investing in high
yield tax sales the right way while avoiding the
risk you should review these products and services.
Our products cover tax defaulted investments in the following states:
Alabama, Arizona, Colorado, Florida, Georgia, Illinois,
Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi,
Missouri, Montana, New Jersey, Texas, Oklahoma, Rhode Island, South
Dakota, and West Virginia.
Warmest Regards,
Darius M. Barazandeh, J.D./M.B.A.
|
|
|
Ca Michigan Tax Collection Entities
Michigan State Statutes - Select the Property Tax Code and Review the following areas:
- Property Tax Collection
- Collection and Enforcement of Delinquent Property Taxes
Legislative Tax Publication - Legislative Tax Publication - I suggest periodically reviewing this information for any upcoming changes to the tax code
Census Bureau Information on Michigan - Use this data to research counties and to link to any online county databases
Suggested Reading # 1:
Tax Lien and Deeds Some Basics for Your Success
by Darius M. Barazandeh
Suggested Reading # 2:
Tax Sale and Tax Lien Due Diligence Matters! 
by Darius M. Barazandeh
M Michigan Additional Research Links Page
NOTE: Michigan links can be found at the bottom of the page
Learn Why More and More Customers Praise Us!
Customer Comments and Success Stories>>
|