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Michigan Tax Deed Auctions - (MI)
Written by: Kevin Zimmerman
The state of Michigan was considered an excellent state for tax lien certificate sales up until 2006 when it ceased conducting the sales. The interest rate for tax lien sales in Michigan was 15% the first year and a whopping 50% the second year. The redemption period was 2 years. Tax lien investors were truly sorry to see Michigan discontinue tax lien sales.
However, Michigan still does hold tax deed sales and fortunately, it is also considered an excellent state for tax deed sales.
An Overview of Michigan Tax Deed Sales
Michigan only conducts tax deed sales after 2006. Michigan counties set the rules for tax deed sales and many have made the process even more convenient by allowing properties to be sold via the Internet during tax deed sales.
Michigan Tax Sales Bidding Process
All tax deed sales held in Michigan are held via a competitive bidding process.
Generally, Michigan is considered to be an excellent state to invest in tax deeds.