December 12, 2019

Properties to go up for bid in semiannual tax sale

Posted
NORTHERN MICHIGAN — Around 40 properties each in Arenac and Ogemaw counties are going up for sale in a public land auction Aug. 2. Around 60 properties from Iosco County are being sold as well. The counties are selling properties that were foreclosed on in 2016. When a county treasurer’s office takes possession of properties, it pays municipalities and any taxing entities for the property, covering the debt owed to them. The county then seeks be reimbursed for that cost through its summer and fall auctions. The properties have each been assigned a minimum bid. On top of the winning bid, the buyer must also pay the 2019 summer tax bill, which is also listed with each property. Sometimes depending on the work the buyer is willing to put into it, the properties can be deals, selling for much lower than their assessed value, or state equalized value. The properties range from small, vacant lots of land to extensive acreage, and from lots containing extremely dilapidated or unsanitary structures to those containing fairly decent fixer-uppers. The tax sale listings note that some vacant lands could be considered for hunting, camping or building a home. The Arenac County offerings include a full 80 acres in Twining with a minimum of approximately $8,000 after summer taxes. Its SEV is $72,000. Another property on Sagatoo Road in Standish consists of a “well-built” 1970s three-bedroom ranch on three acres, with a detached two-car garage and pole barn. It is selling for a minimum of less than $5,500, and has an SEV of $45,000. A few boat slips in Arenac County are also included in the sale. In Ogemaw County, one lot in Mills Township occupied by a single-wide mobile home has a listing that states, “For the right person this might make sense, but it’s not for the faint-hearted.” It notes that the buyer would have to mitigate a very unsanitary situation. However, the minimum bid is only $1,500, and the property has an SEV of $5,500. In contrast, the heading on another property on Greenwood Road in Prescott states, “Spend a week and move into this home.” The home on 9 acres includes a newer kitchen, steel roof, siding and windows, as well as a two-car detached garage. It is selling for a minimum of less than $6,000, with an SEV of $32,600. The properties are available for viewing at tax-sale.info, which does ask visitors to create an account to look at the details of properties. The tax sale will take place at noon at the East Tawas Community Center, 760 Newman St., East Tawas. Registration begins at 11:30 a.m., or participants can pre-register at the website listed above. Online and absentee bidding are also options. Properties are sold as is, there are no refunds or cancellations, and in-person purchases must be paid for on the day of sale. Online purchases must be paid for within five days, with a prior $1,000 deposit or hold on a credit card. For more details, visit tax-sale.info. Properties that do not sell in this auction will be included in the fall auction, with a $100 minimum bid.

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