Where to Find Properties at 40-90% Off? – Marquette County – Michigan Tax Deed Investing

Is it possible to buy real estate at a deep discount in this crazy real estate market? In fact, that is precisely what Marquette County, Michigan, does, selling properties 40 to 90% below market value at the Tax Foreclosure Sales.

How It Works

Marquette County holds two main auctions each year, one in August and another in October, both online. August’s auction is the primary one, where you need to deposit $1,000, and bidding starts with all taxes and fees included. If you don’t win an auction, you won’t get charged.

Auction Phases in Marquette County:

1. Advance Bidding: Starts 30 days before the auction. Bidders can adjust bids without seeing others’.
2. Active Bidding: Begins at 10:00 a.m. on auction day. Bidders can see the current high bids until closing at 7:00 p.m. The highest bidder wins and receives payment instructions afterwards.

Unsold items move to October’s auction, which has no minimum bid. Win, and you add a 10% premium to your bid, this year’s taxes, plus a $30 deed fee. Payment is due in 5 days, with options including wire transfer, certified check, or online via credit/debit card (extra fee applies).

Important Details

Detail	Description
Tax Sale Type	Tax Deed Sale
Typical Date of Sale	Held twice each year, August and October
Bid Procedure	Premium Bid
Deposit	$1,000 hold on a credit card as a deposit
Sale Contact	Marquette County Treasurer
Auction Site	[Michigan Public Land Auction
County Website	Welcome to Marquette County, MI
Auction Links	Tax Deed Information
County Treasurer’s Site	County Treasurer

Steps to Start Tax Deed Investing in Marquette County

1. Research and Understand Local Laws: It’s crucial to know the legal framework in your target area.
2. Visit the Local Treasurer’s Website: Check out the tax sale information available.
3. Check the Auction Site: Visit Tax-Sale.info for detailed auction schedules and parcel inquiries.
4. Read the Auction Details: Understand the sale schedule, parcel inquiry, and other essential details.
5. Contact the County Office: For additional inquiries, contact the Marquette County Treasurer’s Office at (906) 225-8425.

FAQs

Q: What happens if I don’t pay after winning?
A: If you fail to pay, the $1,000 deposit will be forfeited.

Q: Are there any additional fees?
A: Yes, there is a 10% premium on the winning bid, this year’s taxes, and a $30 deed fee.

Q: Can I inspect the properties before bidding?
A: Yes, it’s highly recommended that properties be inspected thoroughly before bidding.

Useful Links

• Marquette County Tax Deed Auctions
• Tax-Sale.info
• Marquette County Treasurer’s Office

Need a Hand?

If you need assistance or guidance with tax deed investing in Marquette County, feel free to reach out. You can book a call or access free resources HERE.

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