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To: Revel
if they can’t keep the profits then they will just put the homes they foreclose on for sale for the owed tax amount

They are generally sold at public auction, so that a fair market price can be had. Otherwise the clerks at the county assessor's office would be real estate magnates.

16 posted on 04/27/2023 3:30:30 PM PDT by monkeyshine (live and let live is dead)
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To: monkeyshine

That would help.


25 posted on 04/27/2023 4:45:59 PM PDT by Revel
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To: monkeyshine

“In June 2018, however, the county suddenly transferred the property to the city of Southfield, which had a preferential right to buy foreclosed properties for the price of the debt. “

https://freerepublic.com/focus/f-news/4149418/posts


38 posted on 04/29/2023 4:02:07 PM PDT by Revel
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