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Foreclosed properties go on the auction block August 3rd
Newaygo County will be holding its first auction of foreclosed property for nonpayment of the 2014 property taxes on August 3, 2017 at 1:00 p.m. in the Board of Commissioner’s Room in the Administration building.
“We are very proud of our work in the Treasurer’s Office helping taxpayers save their properties,” stated Holly Moon, Newaygo County Treasurer. “This year marks the lowest foreclosure numbers ever in Newaygo County with 71 total foreclosures, and 41 of the total parcels are for the most part non-conforming parcels in one of our northern townships.”
The upcoming auction is open to the public and registration begins at 12:00 p.m. Online registration will be available prior to the sale by linking onto the County Treasurer’s webpage. A potential buyer must bring a $1,000 deposit in the form of cash, money order or cashier’s check made out to themselves in order to register. If a person is a successful bidder, the deposit will apply towards their purchase and the balance of the transaction is due by 5:00 p.m. on the day of auction. An unsuccessful bidder will receive their deposit back in full the day of auction. There is a 10% buyer’s premium and $59 deed preparation fee added to each parcel purchased. According to State statute, buyers must pay the 2017 summer tax bill before the deed can be executed.
The list of properties available for auction along with any available pictures and maps can be found on the County website at www.countyofnewaygo.com; then navigate to the County Treasurer’s page and select the “Properties for Auction” tab.
Additionally, Frequently Asked Questions and the Terms and Conditions of the Sale are located there as well. The Newaygo County Treasurer’s Office also has a hard copy of the property list available for purchase for $9. All properties offered at auction are sold “as is” “where is,” and it is up to the buyer to do their homework as to the use of the property and to execute any eviction process that may be necessary.
This auction is for the real property only, and the buyer will receive a Quit Claim Deed to the property. There are no liens carrying forward on any of the parcels offered, but the new buyer is responsible for all of the 2017 and future property tax bills.
Any parcels not sold on August 3, 2017, will be offered again on September 21, 2017. This auction will be run the same as the August auction with the possibility of some additional parcels being added for property owners who did not pay their 2014 property taxes by the extension deadline. Online registration will also be available by linking onto the County Treasurer’s webpage for the September Auction.
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