Foreclosure Timeline
PUBLIC ACT 123 TIMELINE
| Date | Action |
|---|---|
| July/December 2016 | 2016 property taxes billed by city, township or county treasurer. |
| March 1, 2017 | Unpaid 2016 property taxes are forwarded to county treasurer for collection. State law requires a 4% administration fee and 1.0% per month interest. |
| October 1, 2017 | A $15 fee is added to each parcel. |
| March 1, 2018 | Property is forfeited to county treasurer. State law requires the addition of a $175 fee and $30 in recording fees. Interest increased from 1% per month to 1.5% per month, back to the date the taxes became delinquent. A lien is recorded with the Wayne County Register of Deeds office. |
| November 2018 | Publication of forfeited properties subject to tax foreclosure on March 31st. |
| March 1, 2019 | Circuit Court enters a judgment of foreclosure. Property owners may redeem their property by paying the taxes, interest, and fees by March 31st or lose their property. |
| April 1, 2019 | Property is foreclosed. Property owners lose all rights. Title to the property passes to the county treasurer. Property owners that submitted an unsuccessful objection to being foreclosed have 21 days to redeem. |
| September & October 2019 | Property is sold at public auction. |