Man Buys All 650 Foreclosed Properties In One County For $4.8 Million In Back Taxes

Man Buys All 650 Foreclosed Properties In One County For $4.8 Million In Back Taxes

Why settle for scooping up one tax-foreclosed property when you can nab say, 650 of them in one fell swoop? Of course, being a millionaire helped in the case of one Michigan man who plunked down $4.8 million to buy every foreclosed property in a recent county sale. All he had to do was pay off the total amount of back taxes owed, and voila! He’s got a bunch of property and is the only one in county history to have pulled off such a feat. [More]

County Tells Foreclosed-Upon Homeowners: We May Have Some
Money For You

County Tells Foreclosed-Upon Homeowners: We May Have Some Money For You

The typical image of a foreclosure auction involves a seized house being sold for, at best, the remaining value of the mortgage. But that’s not always so, with some auctions attracting buyers who pay above what’s owed on the home. That money usually belongs to the former owner, but it looks like many aren’t aware of this fact. [More]