I guess I really don t have to worry about losing my property until 2002. You may have to pay as many as three years taxes at once to keep your property. Foreclosure is final. Unpaid 1999 property taxes are forwarded to county treasurer for collection. Property is forfeited to county treasurer.
Circuit court enters a judgement of foreclosure.
From the date of this judgement, property owners have only 21 days to pay taxes or lose their property. Clear title to the property passes to the county or state. Some Important Information for Property Owners Public Act 123 of 1999 shortens the amount of time property owners have to pay their delinquent taxes before losing their property. Property owners with taxes that are two years delinquent will be foreclosed and the property will be sold at public auction. With this new act, the amount of time to pay taxes has been reduced from approximately five years to approximately two years.