The following information is designed to provide accurate and authoritative information in regards to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sough.

(From a declaration of principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations.)
 
 

Michigan is an excellent state for tax deed sales state.  Here is a summary of information for tax sales in Michigan:

Interest Rate

Until, 2006 for properties with taxes that became delinquent before 2000, 12% the first year

Redemption Period - 1 to 2 years

Michigan tax deed sales are in August

Bidding Process

State Specific Information

Michigan is an excellent tax deed investing state because the interest rate of 12% is incredible.
 

QUESTIONS AND ANSWERS:

I received a lot of questions from the readers of this newsletter and from others who visit our website at http://www.taxsales.com.

Here are two of the most common questions?

ONE:  Can you send me some success stories form my state.

Answer:  We do not keep track of the success stories we receive by state.  We only publish a small number of the stories we receive because many of our customers do not want us to reveal where they are making their money and how well they are doing.  There are a lot of claim jumpers and they have prospected their state and found some really good goldmines and would like to continue to mine them on their own.  HOWEVER, I will say that the various techniques in each of our state manuals work wherever they are used.  These are not just theories.  They are techniques that seem to work for everyone who uses them correctly and in accordance with the instructions in the manuals.  Just take a look at the many success stories at http://www.taxsales.com/stories.  If you can find any other site on the internet that comes anywhere close to the success stories we have I suggest that you buy their material regardless f the price.

TWO:  All kinds of questions regarding liens and mortgages on properties acquired by the use of our letter writing techniques come in daily.  First, let me say that anyone who has our manual will probably not ask that question.  The letters that we use take care of that situation by asking the proper questions as o whether or not there are any liens against the property other than taxes due.  In most cases properties that are delinquent for non-payment of taxes do not have mortgages against them.  Most mortgage companies required that the taxes and insurance premiums be pro-rated and included in the mortgage payments.  That is not an issue.  Besides most small acreage and vacant lot in subdivisions do not have mortgages against them.
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A LIVING TRUST, COMMON LAW TRUST, LAND TRUST.
By whatever name you want to call it, I think it is an absolutely necessity for every living  person.   WHY?
AVOID PROBATE.  If nothing else a trust can say your loved ones thousands of dollars in court costs and attorney fees when you are no longer here.  Just ask anyone who has had to probate a will.
LIMIT YOUR LIABILITY:  I put each property I acquire in a different trust.  That limits the liability of that one property to that one trust.
PRIVACY:  A trust, like a will, does not have to be recorded.  The only thing that is recorded is  property that  is deeded into the trust or deeded out of the trust.

Why not give yourself and your family the best present you can give them.  A FEELING OF REAL SECURITY. Our trust kit is only  $79.00 when ordered separately but you get it FREE when you order our Beginner's Package of three different state manuals with the Trust Kit included for only $197.00 total price.  We have a special running at this time.