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 Bevy of Tax Foreclosure Suits Hinge on Michigan High Court Case

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Bevy of Tax Foreclosure Suits Hinge on Michigan High Court Case Vide
PostSubject: Bevy of Tax Foreclosure Suits Hinge on Michigan High Court Case   Bevy of Tax Foreclosure Suits Hinge on Michigan High Court Case Icon_minitimeFri Nov 08, 2019 12:47 am


  • Keeping proceeds above tax liens violate federal, state law, critics argue
  • Treasurers call process legal, beneficial, and needed to prevent a torrent of lawsuits


A libertarian advocacy group is calling on the Michigan Supreme Court to bar counties from keeping amounts above their tax liens when they foreclose on Wolverine State properties.
Local governments gave dire warnings during oral arguments Nov. 7, saying that a ruling against the state’s current foreclose-and-keep-the-proceeds system could have massive downstream consequences, possibly forcing the state’s 83 counties to cough up more than $2 billion to classes of property owners suing them for excess equity above their tax debts.
The local governments argue that the system—one similar to those in 12

https://news.bloombergtax.com/daily-tax-report-state/bevy-of-tax-foreclosure-suits-hinge-on-michigan-high-court-case
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Bevy of Tax Foreclosure Suits Hinge on Michigan High Court Case

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