MI HB5262

Property forfeited to county treasurer for 12+ months of delinquent taxes is forfeited on March 1 each year, with county treasurer gaining right to possession on April 1 following judgment or 22 days after judgment in contested cases.

County treasurer adds $175.00 fee per forfeited parcel and may charge additional interest at 0.5% per month (non-compounded) on originally delinquent taxes from March 1 preceding forfeiture, with discretionary waiver authority if property is withheld from foreclosure petition.

Property may be redeemed before March 31 (or within 21 days of judgment in contested cases) by paying all delinquent taxes, interest, penalties, fees, recording costs, and service of process fees.

Non-owner redeemers acquire a lien for amounts paid in addition to existing liens, with same priority as the existing lien, recorded within 30 days with register of deeds.

County treasurer must record forfeiture certificates with county register of deeds within 45 days and transmit $175.00 fees to department of treasury within 30 days for deposit in land reutilization fund.