I can't believe they did it (part deux)

[paulfun9]

Where is my example off subject?

You speak of someone purposely not paying taxes not someone inadvertently missing a 7 to 8 dollar amount on taxes paid.
You speak of someone who purposely picked a fight but still that municipality did not keep the proceeds
It doesn’t compare and if your too blind to see that then trying to talk with you is futile at best

Back to the ignore list for you, I,m afraid!

 

[shooterdon]

Here is a link on the law in the socialist state of Michigan. At least the County could have referred the gentleman in the video to TBN where we could have helped him fix his front wheel.

Supreme Court asked to review Michigan痴 abusive foreclosure law | Pacific Legal Foundation

Your link reads like an ad for law firm and is not even a news article. Too bad they do not have the legal acumen to realize there are steps before the SCOTUS will hear a case.

 

[goeduck]

I did not get a chance to research Michigan law far enough but it appears that in that state if you do not pay taxes taxes you basically forfeit ownership to the County. Unconstitutional in my opinion. Very different than here in Washington where the County and creditors get their due and the balance goes back to the property owner. So out here Caesar gets what is Caesars but back in Michigan Caesar gets what is Caesars AND what is yours.

 

[buckeyefarmer]

Welcome to the internet! First day?
:stirthepot:

I have to say, that cracked me up.


On another note, I just upset some snowflakes today just by saying on FB we need to vote so and so out of office. You would have thought from the responses I had wished them bodily harm or something. What is happening to people today? (Rhetorical question)

 

[the old grind]

.. What is happening to people today? (Rhetorical question)

IIRC, it started with Adam and Eve, either documented or metaphorically.

Two people didn't agree on what's for lunch, either documented or metaphorically.

A precedent was set for all mankind.

There would have to be at least two persons still living on Earth to fulfill it.

btw, it's not that life is so short, it's that you have to be dead for so long.

Sorry, back to the fruit bowl of opinions.

 

[two_bit_score]

Where did the proceeds of the sale go?

Almost every state has an Unclaimed Property Fund where money from various accounts go when the owner is not located. I'm betting all of the property owners on that list have long ago forfeited any claim on that property for whatever reason made sense to them at the time. Most states also have reclaim laws which allows an owner to reclaim the property during some period of time after the foreclosure sale. Various conditions do apply, of course.




TBS

 

[ovrszd]

WRONG. The excess proceeds are returned to the owner in Washington. Here is our law:

If the highest amount bid for any separate unit tract or lot exceeds the minimum bid due upon the whole property included in the certificate of delinquency, the excess must be refunded, following payment of all recorded water-sewer district liens, on application therefor, to the record owner of the property. The record owner of the property is the person who held title on the date of issuance of the certificate of delinquency. Assignments of interests, deeds, or other documents executed or recorded after filing the certificate of delinquency do not affect the payment of excess funds to the record owner. In the event that no claim for the excess is received by the county treasurer within three years after the date of the sale, the treasurer must at expiration of the three year period deposit the excess in the current expense fund of the county, which extinguishes all claims by any owner to the excess funds.

Good stuff. So now we are left to determine the percentage of those on the "list" in Michigan that abandoned the properties or have no one alive to claim the excess?

 

[ovrszd]

Missouri Law:

The treasurer shall place such moneys in the county treasury to be held for the use and benefit of the person entitled to such moneys or to the credit of the school fund of the county, to be held in trust for the lesser of a term of three years or ninety days following the expiration of the redemption period for the lienholders of record or for the publicly recorded owner or owners of the property sold at the time of the delinquent land tax auction or their legal representatives. The surplus shall be first distributed to the former lienholders of record, by priority of the former liens, if any, then to the former owner or owners of the property. Lien priority shall be set as of the date of the tax sale. No surplus funds shall be distributed to any party claiming entitlement to such funds, other than as part of the redemption process, until ninety days have passed after the period of redemption has expired. At the end of three years, if any funds have not been distributed or called for as part of a redemption or collector's deed issuance, then such funds shall become a permanent school fund of the county

Good stuff again. This might explain my experiences here that there is rarely a sale that brings appraised value. But most times covers the outstanding due expenses.

 

[ovrszd]

You speak of someone purposely not paying taxes not someone inadvertently missing a 7 to 8 dollar amount on taxes paid.
You speak of someone who purposely picked a fight but still that municipality did not keep the proceeds
It doesn’t compare and if your too blind to see that then trying to talk with you is futile at best

Back to the ignore list for you, I,m afraid!

Of the many things I might be able to be convinced of here, top of the list is that the owner inadvertently missed paying his $8.

Knowingly not paying is "picking a fight" with the tax entity regardless of the reason.

If my blindness bothers you I concur that you should put me at the top of your ignore list. Don't be afraid.

 

[ovrszd]

I did not get a chance to research Michigan law far enough but it appears that in that state if you do not pay taxes taxes you basically forfeit ownership to the County. Unconstitutional in my opinion. Very different than here in Washington where the County and creditors get their due and the balance goes back to the property owner. So out here Caesar gets what is Caesars but back in Michigan Caesar gets what is Caesars AND what is yours.

It appears so.

As to being "unconstitutional". Is it so if the eligible voters in the district have supported the law?