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After a Michigan Supreme Court ruling, here's how former property owners can make claims for profits from tax foreclosure sales. Thousands of former Michigan homeowners could claim profits of ...
For around $4.7 million, you might be able to snag one gleaming, top-of-the-line luxury home in a top market. In Michigan's Macomb County, though, it bought one man 627 homes. Bill McMachen, who ...
A short sale could help you salvage some of your equity, but the lender has to approve it first. A real estate agent with experience in short sales might be able to help you find a buyer and guide ...
In July 2002, Bid4Assets conducted an internet-based tax sale for Washtenaw County, Michigan. This was Michigan's first-ever online tax-foreclosed property auction. [10] In 2005, Bid4Assets sold the Sandshaker Lounger, Package Store and Sandwich Shop, a popular Pensacola, Florida hangout.
The actual sale typically completes a non-judicial foreclosure. The highest bidder at a trustee's sale gets title to the property; if no one bids, the title to the property keeps with the foreclosing mortgage lender. A valid foreclosure requires the following documents to be successful: Record vesting current owner
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
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