Foreclosed Properties Up For Bids In Oakland County
SOUTHFIELD (WWJ) - About 900 people showed in Oakland County for an auction of foreclosed properties.
County Treasurer Andy Meisner said the properties for sale Monday were from county’s townships and villages, including everything from houses to businesses to land.
Meisner said the owners were given every opportunity to square up their tax bills.
“We’re required to collect delinquent taxes and we’re very compassionate in offering payment plans to every taxpayer,” Meisner said. “But there are some times that folks walk away, banks walk away from the properties and then the state law requires me to offer those properties at an auction.”
Tuesday, the county will auction off foreclosed homes and businesses from cities.
Meisner said bidders must have cash, but the properties are going for about 25 to 30 percent less than they’re worth.
Among the bargains on Monday was condo in Bloomfield Township.
“That was at the Heathers golf course … It had a starting bid of $41,000 and a lucky purchaser got that for $285,000,” he said, adding that the property is worth up to $70,000 more.
Registration opens at 8:30 a.m. and the auction starts at 10 a.m. at the Commissioners’ Auditorium at the Oakland County Complex at 1200 North Telegraph Road. You can also resister ahead of time online.
For registration, a list of available properties and more information, visit this link.