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Home > Who We Are > 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.
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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
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