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Foreclosure Process
Home > Who We Are > Foreclosure Process
New Tax-Foreclosure Process
In 1999, the Michigan State Legislature created a new, streamlined system for returning tax-reverted properties to productive use. This legislation, Public Act 123, opened the door for communities to play an active roll in eliminating blight and recycling abandoned properties.
This system gives county governments the ability to control tax-foreclosed properties. This enables us to use these properties as an asset in community redevelopment. Reducing the time it takes to reclaim abandoned and tax delinquent property, the law makes itless likely that properties will fall into the hand of speculators. Equally important, the new system enables counties to help homeowners with financial trouble avoid foreclosure.
Below is a diagram explaining the process a property goes through after tax-foreclosure has occurred.
For more information regarding the Genesee County Treasurers Tax Foreclosure process click here.
MISSION
The Land Bank's mission is to restore value to the community by acquiring, developing and selling vacant and abandoned properties in cooperation with stakeholders who value responsible land ownership.
Our office will be closing at 1:00 on Friday, August 23rd.
The office will re-open at 9 am Monday, August 26th.
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The Genesee County Land Bank is an equal opportunity provider and employer.
452 S. Saginaw Street, 2nd Floor
Flint, Michigan 48502
PHONE: 810.257.3088
FAX: 810.257.3090