Best-Kept Secret: Estate Discounts Up to 90% in Lenawee County, Michigan

If you’re looking to invest in real estate, Lenawee County, Michigan’s tax deed sale offers a fantastic opportunity. You can buy tax-delinquent properties for a fraction of their market value, typically 40% to 90% off. This sale is held online at Zeus Auction, usually in August, making it accessible from anywhere.

Understanding Tax Deed Sales

Tax deed sales occur when property owners fail to pay their property taxes. The county then sells these properties to recover the unpaid taxes. Here’s a quick comparison of tax lien certificates and tax deeds:

  • Tax Lien Certificates: You pay the taxes owed and earn interest if the owner redeems the lien. If not, you may eventually own the property.
  • Tax Deeds: You buy the property directly, clearing the back taxes and gaining ownership.

Example: A property worth $100,000 might be available for as low as $10,000 to $60,000 in a tax deed sale.

Steps to Start Tax Deed Investing in Lenawee County

  1. Research and Understand Local Laws
    • It’s crucial to understand the legal framework of the area. Each county may have different rules regarding tax sales.
  2. Visit the Local Treasurer’s Website
  3. Check the Auction Site
    • Register on the Zeus Auction website to participate. You can view property lists, minimum bids, photos, and maps prior to the sale.
  4. Read the Details About Tax Deeds
  5. Contact the County Office
    • For any questions, contact the Treasurer’s Office directly at (517) 264-4554 or visit them at 301 N. Main St., Adrian, MI.
Lenawee County Courthouse

Important Details

DetailDescription
Tax Sale TypeTax Deed Sale
Typical Date of SaleAugust (next sale: August 13, 2024)
Bid ProcedurePremium Bid
Redemption PeriodNo redemption period for tax deed sales
Interest RateN/A
DepositPayment is due by noon on the designated date after the sale
Forms of PaymentCash, money order, or cashier’s check only (no personal checks)
Deed IssuanceQuit Claim Deed issued within 30 days post-sale
Special ConsiderationsWinning bidders must affirm they don’t owe back taxes in Lenawee County; title insurance might be challenging.

Investor’s Pro Tips for Lenawee County Tax Deed Sale

  • Do Your Homework: Research properties thoroughly before bidding. You can’t inspect them in person.
  • Understand Financial Responsibilities: Winning bidders take on future tax bills and any special assessments.
  • Prepare for Title Insurance Issues: Title insurance can be tricky with tax sale properties. Ensure you meet the insurer’s requirements.
  • Meet All Deadlines: Pay the winning bid by the specified date to avoid penalties and bans from future sales.

Attractions and Economic Highlights in Lenawee County

  • Popular Attractions: Parks, theaters, and historic sites.
  • Transportation Infrastructure: Major roads, rails, and nearby airports.
  • Economic Development: Growth sectors include agriculture, technology, and manufacturing.
  • Community Appeal: Outdoor recreational activities, entertainment options, and eco-tourism opportunities.

FAQs for Lenawee County Tax Deeds

  1. What is a tax deed sale?
    • A tax deed sale is a public auction where properties with unpaid taxes are sold to recover the owed amount.
  2. Can I inspect the properties before the sale?
    • No, you cannot inspect the properties in person before the sale.
  3. What happens if I win a bid?
    • You must pay the winning bid amount by the specified deadline and affirm that you don’t owe taxes back in Lenawee County.
  4. What type of deed will I receive?
    • You will receive a Quit Claim Deed within 30 days after the sale.
  5. Are there any additional costs?
    • Yes, you will be responsible for future tax bills and any special assessments not included in the bid.

Lenawee County Tax Deed Information Links:

Need more help? We’re here to assist you with tax deed investing. Book a call or check out our free resources.

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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.

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