How to Score Properties 40-90% Off in Montcalm County, Michigan Tax Deed Investing

Investing in Montcalm County, Michigan’s tax foreclosure sales is a fantastic way to acquire properties at significantly reduced prices. With discounts ranging from 40% to 90%, these sales offer a golden opportunity for savvy investors.

How It Works

Montcalm County holds its tax foreclosure sales online, typically in August and October. Here’s a step-by-step guide to getting started:

  1. Register and Secure Your Spot: To participate, you need to register and place a $1,000 hold on your credit card. This hold acts as a security deposit and ensures you are serious about your bids.
  2. Start Bidding: Bidding opens 30 days before the auction date. You can place your maximum bid during this period, which will be used to automatically bid on your behalf up to your limit.
  3. Bidding Phases: In Montcalm County, there are two bidding phases – advance and active. In the advance phase, you can place, modify, or delete your bids. During the active phase, you can only place new bids or increase existing ones.
  4. Winning and Payment: If you win, you’ll receive an email with payment instructions. The total payment includes your winning bid, a 10% buyer’s premium, current taxes, and a $30 deed recording fee. Payments must be made within five business days using wire transfer, cashier’s check, or credit card.

Here are the key details for Montcalm County tax deed sales:

DetailInformation
Tax Sale TypeTax Deed Sale
Typical Sale DateAugust and October
Bid ProcedurePremium Bid
Deposit$1,000 hold on a credit card
Redemption PeriodN/A (as it is a deed sale)
Interest RateN/A
Payment MethodsWire transfer, cashier’s check, or credit card
Montcalm County Courthouse

FAQs

Q: What happens if I win a bid in Montcalm County?
A: You’ll receive an email with payment instructions. You need to pay within five business days and submit notarized paperwork.

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

Q: What additional costs should I expect?
A: Besides your winning bid, you need to pay a 10% buyer’s premium, current year’s taxes, and a $30 deed recording fee.

Need a Hand?

If you need further assistance or have questions, feel free to book a call with us, or reach out to the Montcalm County Treasurer’s office or visit the auction site. Happy bidding!

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