What happens after the tax is forwarded to the county treasurer for collection?
The county adds a 4% administration fee and interest of 1% per month. After one year, the property is forfeited to the county treasurer. • What does it mean for my property to be in forfeiture? Does that mean I lose my property? No. If your property is in forfeiture, you still have a year before it will be foreclosed. However, the interest and fees will be higher. When a property is forfeited, the interest rate goes from 1% a month to 1.5% per month, back to the date the taxes became delinquent. A $175.00 fee is also added. • What happens after my property is in forfeiture? After property has been in forfeiture for one year, it will be foreclosed. • What happens after my property is foreclosed? How do I get it back? You cannot get your property back after it has been foreclosed. Foreclosure is final. Property that has been foreclosed will be sold at public auction.
The county adds a 4% administration fee and interest of 1% per month. After one year, the property is forfeited to the county treasurer. • What does it mean for my property to be in forfeiture? Does that mean I lose my property? No. If your property is in forfeiture, you still have a year before it will be foreclosed. However, the interest and fees will be higher. When a property is forfeited, the interest rate goes from 1% a month to 1.5% per month, back to the date the taxes became delinquent. A $175.00 fee is also added. Click here to view an example of the timeline for forfeited property provided by the Saginaw County Treasurer. • What happens after my property is in forfeiture? After a property has been in forfeiture for one year, it will be foreclosed. Click here to view Saginaw County’s Frequently Asked Questions regarding forfeitures. • What happens after my property is foreclosed? How do I get it back? You cannot get your property back after it has been foreclosed. Foreclosure
