| DATE: | ACTION: | COSTS: | ||||
| March 1, 2008 | Unpaid 2007 taxes returned delinquent to the County Treasurer for collection. |
5%
interest + 1% per month |
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|
June 1, 2008
|
First mail notice- County Treasurer sends out notice of delinquency via first class mail to taxpayer of record. | |||||
| Sept. 1, 2008 | Second Mail Notice- County Treasurer sends out notice of delinquency via first class mail to taxpayer of record. | |||||
|
October 1, 2008 |
$15.00 fee- County Treasurer adds $15.00 certified mail fee to each parcel for which delinquent taxes remain unpaid. |
$15.00 |
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|
February 1, 2009 |
Third Mail Notice (Certified)- County Treasurer sends notice of delinquency and pending forfeiture via certified mail to taxpayer of record. | |||||
|
March 1, 2009 |
Forfeiture-
Property forfeited to County Treasurer:
Treasurer adds $175.00 administration fee and recording fee. Interest increases from 1% per month to 1.5% per month computed retroactively to March 2008. |
1.5% interest | ||||
| $20.00 recording fees | ||||||
| $175.00 administrative fee | ||||||
|
March
1, 2009- April 15, 2009 |
Certificate of Forfeiture- County Treasurer records certificates of forfeiture with the Register of Deeds. | |||||
|
May
1, 2009- Dec. 1, 2009 |
Title Search- FGU (Foreclosing Governmental Unit) conducts title search of property to identify owners entitled to notice. | |||||
|
June 15, 2009 |
Foreclosure Petition- FGU files foreclosure petition with Circuit Court. | |||||
|
June
15, 2009- Jan. 31, 2010 |
Certified
mail notice of Foreclosure- Notice
of foreclosure sent by certified mail at least 30 days before show
cause hearing |
court costs | ||||
| certified mail costs | ||||||
| service fees | ||||||
|
June
15, 2009- Jan. 31, 2010 |
Personal visit-FGU agent visits each property forfeited and serves copy of notice of foreclosure, and verbally informs occupant of foreclosure; if unoccupied, a notice will be posted. | |||||
|
June
15, 2009- Feb. 22, 2010 |
Published notice- notice by publication for 3 successive weeks. | publication fee | ||||
| Show cause hearing- FGU conducts administrative show cause hearing no later than 7 days before foreclosure hearing. | ||||||
|
Jan. 30, 2010- March 31, 2010 |
Foreclosure hearing- Circuit court hearing on foreclosure petition. | court costs | ||||
|
March 31, 2010 |
Entry of Judgment- Circuit court enters Judgment of Foreclosure. | |||||
| Clear title to foreclosed property vests in FGU and redemption rights expire in uncontested cases. Redemption rights expire 21 days after judgment in contested cases. | ||||||
| Appeal- FGU or person with interest in foreclosed property may appeal to court of appeals. | ||||||
| FGU records judgment or notice of judgment with County Register of Deeds. | recording costs | |||||
|
July - Oct 2010 |
First Land Auction with set minimum bids; Local government or county may obtain for minimum bid. State, if not FGU, may obtain by paying market value. |
any
costs incurred in
bringing the property to
sale. |
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|
July - Nov 2010 |
Second Land Auction with
no minimum bids. |
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|
Dec. 1, 2010- Dec. 31, 2010 |
Unsold property may be transferred with consent to city, village, or township. | |||||
|
Dec. 31, 2010 |
Unsold property not sold or transferred is retained by FGU. | |||||