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Tax
Lien Certificates - Tax Deed Sales
Michigan MI
Michigan
was an excellent state for tax lien
certificate sales. However,
there are no longer
tax lien certificates sales in
Michigan. Fortunately,
Michigan is also an excellent tax
deed sales state and after the new
law here is a
summary of information for tax
sales in Michigan:
Interest
Rate
Until
2006 for properties with taxes
that became delinquent before
2000, 15%
the first year and 50% the second
year but all sales are now
straight tax deed sales with no
interest rate
Redemption
Period
2 years
Michigan
tax lien auctions
No
longer conducts county tax lien
sales
Michigan
tax deed sales
Michigan
conducts many tax deed sales.
Some counties in Michigan now use
the Internet to sell properties
during a tax deed sale.
Bidding
Process
All
tax lien auctions are by
competitive bid.
State
Specific Information
Michigan
is an excellent tax lien investing
state because the
interest rate of 15% the first is
favorable and the interest rate of
50% the second year is incredible.
However, after 2006, the state
will not hold tax lien certificate
sales anymore and all sales will
be to acquire tax deeds.
Discover
the most comprehensive
tax-lien-certificate/tax-deed-sale
investing product on the market
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