Many people think that the Land Bank purchases its properties and then makes a profit by selling them. The Land Bank is a non-profit, government organization. Each year we receive thousands of tax foreclosed properties in Genesee County, many of which have been vacant for years and are now blighted. Before the Land Bank began operating, vacant properties in Genesee County had hundreds of different owners, most of whom did not live or work in the area. The Land Bank was created so that our local government could receive tax foreclosed properties, gain control over them, and begin to put them back into productive use.
For more information regarding the Genesee County Treasurers Tax Foreclosure process click here.