Michigan tax lien certificates are a great way to profit. Oakland County sells Tax Deeds at Oakland County tax sales.
Type: Tax Deed
You can purchase Michigan Tax Deeds at Oakland County tax sales.
If Oakland county, Michigan is unable to collect real estate property taxes they are also unable to provide important government services like police protection, public schooling and medical services.
Unpaid property taxes create a serious cash-flow problem for Oakland county, Michigan.
Property taxes that are delinquent are added to any previously uncollected taxes on a parcel of Oakland county. Parcels whose taxes are subject to sale will be advertised in a Oakland county newspaper of general circulation. The parcels are listed by sequence number. Parcels fall into 1 of 2 groups. Each group is sorted by parcel number.
The Oakland county tax sale list appears about three to six weeks before the Oakland county tax sale auction and is also posted on the Internet.
To solve this problem Oakland county, Michigan allows investors to pay off these taxes. In exchange the investor receives the Oakland county, Michigan lien for taxes. A real estate tax lien is simply a claim for delinquent taxes.
Why would investors do this?
Well, depending on Michigan laws and competition, savvy Oakland county tax sale investors can realize high-yielding returns with tax lien certificates and/or purchase real estate for a fraction of its true market value with Michigan tax deeds.
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