MI SB0295

State has right of first refusal to purchase tax-foreclosed property at fair market value or minimum bid, with cities, villages, townships, and counties following in priority order before public auction.

Foreclosing governmental units must hold property sales between the third Tuesday in July and first Tuesday in November, with auctions potentially conducted online, and require 30 days' notice in local newspapers.

Purchasers must execute affidavits under penalty of perjury certifying they do not hold more than de minimis interest in other delinquent properties in the same county and have no unpaid civil fines for ordinance violations.

Sale proceeds are deposited into restricted accounts and used sequentially for: tax revolving fund reimbursement, sale costs, foreclosure costs, maintenance costs, title defense, and (if state) transfer to land reutilization fund.

All property taxes and most demolition and utility liens are automatically canceled as of December 31 following property sale or transfer; individuals convicted of false affidavits are permanently prohibited from bidding on foreclosed properties.