i am looking real hard at a tax sale property in Mi. It is the last part of a farm i bought back in 1995. I own the 38 acres around this house and figure in the future a house and 40 acres would be a nice selling point.
Check and see if it is one of the 657 properties that some large group just purchased in MI. They bought everything up for sale in one bid…See post below…
I would get a Quit claim deed from the county.What i dont need is a house i cant resell.
The quit claim from the tax collector merely says “If they had any rights of title…they quit them to you.” Just gives you the right to try and deal with the headaches of clearing title.
What i have been reading about is a Quiet title.Can someone explain this to me before i make a commitment i might regret later. Thanks
Have not researched it and do not know if MI is a tax lien or tax deed state.
In either case, chances are, the owners have some right of redemption.
Quiet Title…is a court action…you must do DUE PROCESS and notify everyone in the chain of title.
I have my attorney to initiate and process quiet title…you an do it yourself if you are oroficient at legalese, title search, title abstracting, publication, etc.
Costs anywhere from 1,500 to 3,000 to have it done.
My question is…if you have not done anything to acquire any interest in the property why worry about this now?
If there is redemption period you will have to wait it out before you can do anything.
Buy tax liens or tax deeds for the interest and penalties…not…to try and get the property. . The courts just do not look very favorably toward taking someone’s property for the simple mistake of not paying taxes.