What is tax foreclosure?
Tax foreclosure is different than mortgage foreclosure. Tax foreclosure is the process by which the county takes ownership of a property if property taxes are not paid.
The property tax foreclosure process can be confusing. We would like to answer any questions you might have and help you develop a payment strategy.
Eaton County Treasurer 2016 Property Tax Foreclosure Timeline
This timeline is intended to describe in general terms the major elements and deadlines of the state law regarding delinquent property taxes. Additional fees may apply.
On March 1, 2017:
- Unpaid 2016 property taxes become “delinquent” and payable to county treasurer.
- A 4% administration fee is added.
- A 1% per month interest is added to each parcel.
On October 1, 2017:
- A $15 statutory fee is added.
On March 1, 2018: F O R F E I T U R E
- A minimum of $290 in fees is added.
- Property is forfeited to the Eaton County Treasurer.
- Interest rate increases to 1.5% each month, retroactive to March 1, 2017.
- Foreclosure petition is filed in Circuit Court June 1, and a legal fee is added.
Between June 1, 2018, and January 31, 2019:
- Title research to identify owners and lienholders.
- Personal visit made to forfeited property.
- Mortgage lenders, banks and lienholders notified.
- Foreclosure list published in newspaper December 1, publication fee added.
- Show Cause Hearing is held.
February 2019: F O R E C L O S U R E
- Circuit court enters a judgment of foreclosure. Property owners have until April 1, 2019 to redeem the taxes, plus penalties and interest, or lose their property.
April 1, 2019:
- Redemption rights expire if taxes are not paid and clear title transfers to the Eaton County Treasurer.
July 2019–October 2019:
- Foreclosed property may be sold at public auction. Prior owner does not receive any of the proceeds.