40-90% Discounts on Auction Properties in Lapeer County, Michigan

Looking to snag real estate at a huge discount? Lapeer County, Michigan, offers an excellent opportunity with their tax deed sales. These auctions allow you to purchase properties at 40% to 90% off their market value due to unpaid taxes. It’s a fantastic way to invest in real estate with a relatively low entry cost.

Steps to Start in Lapeer County Tax Auction

1. Research and Understand Local Laws
   • It’s crucial to know the legal framework for tax deed sales in Michigan. The process involves a three-year forfeiture and foreclosure period, during which the county seizes properties with unpaid taxes and then auctions them off.
2. Visit the Local Treasurer’s Website
   • The Lapeer County Treasurer’s website provides detailed information on tax deed sales. It provides information about the auction process, sale dates, and required documentation.
   • Lapeer County Treasurer’s Office
3. Check the Auction Site
   • Visit the Michigan Public Land Auction website for specific details on properties available for auction and to register for bidding.
   • Lapeer County Auction Site
4. Read the Details about Tax Deeds
   • Understanding the sale schedule, property details, and auction rules is essential. Auctions open for advance bidding 30 days prior to the sale date.
   • Auction Information
5. Contact the County Office
   • If you have any specific queries or need additional information, the Lapeer County Treasurer’s Office can provide the help you need.
   • Contact Information

Important Details Summary

Detail	Information
Tax Sale Type	Tax Deed Sale
Typical Sale Date	August and October
Bid Procedure	Premium Bid
Deposit	$1,000 Pre-authorization on a major credit card
Payment Methods	Bank transfer, certified check, credit/debit card
Auction Site	Michigan Public Land Auction
County Website	Lapeer Official County Website

Investor’s Pro Tips

• Do Your Homework: Research each property in Lapeer County thoroughly before bidding. Check for any liens, property conditions, and local zoning laws.
• Monitor No-Reserve Auctions: These auctions can offer incredibly low starting bids on unsold properties.
• Stay Honest: Ensure you have no unpaid taxes or fines in the county where you’re buying. Misrepresentation can lead to felony charges.

FAQs

Q: Who can bid on these properties?
A: In Lapeer County, anyone who doesn’t have unpaid property taxes or fines can bid. You must also sign an affidavit confirming this.

Q: What happens if I win a bid?
A: You’ll receive an email with instructions on completing your purchase, including payment and paperwork details.

Q: Can I modify or delete my bid?
A: Yes, during the advance bidding phase, you can modify or delete your bids until active bidding starts.

Useful Links

• Michigan Public Land Auction
• Lapeer County Treasurer

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