Wayne County Treasurer Announces September 2013 Online Property Auction
Aug 19 2013
Wayne County Treasurer Raymond Wojtowicz has announced the September 2013 property auction schedule. The auction will feature more than 20,000 residential and commercial properties and vacant lots. Interested bidders must register online between August 20 and September 13 at www.wayne.realforeclose.com. There will be no auction activity held at the Treasurer’s Office. Bidding will begin as low as $2,000.
State law requires that the minimum bid for properties must include unpaid back taxes, penalties and interest and the cost of the foreclosure process.
“Funds collected from the auction will support mandated services including police and fire protection and schools for our children,” Treasurer Wojtowicz said. “The auction process is accessible to everyone who wants to participate. It is our hope Michigan residents will buy properties, refurbish dwellings to improve and stabilize neighborhoods and return properties to the tax rolls making a positive impact in the county, the region and the state.”
Properties purchased at the auction that are not maintained or taxes kept current will revert back to the jurisdiction of the Wayne County Treasurer’s Office.
The September 2013 auction schedule is as follows:
Registration: August 20 – September 13
Property information available on line: August 20
Bidding begins: September 5
Lots close: September 23-26
Required Deposit And Fee
• For one property, $500 plus the $35 registration fee
• For multiple properties, $5,000 plus the $35 registration fee
Note: All funds are returned if auction bidder is not successful
• Register online at wayne.realforeclose.com
• Register to bid and pay required deposit and fee
• Bid increments will be $100 until price exceeds $10,000. Then the increment will be $1,000
• For all property bundles, the bid increment will begin and remain at $1,000
For further information on the auction visit treasurer.waynecounty.com or email the Treasurer’s Office at WCTLandMgt@waynecounty.com or call 313-224-5990.