2Far ★ Posted July 27, 2020 Share #1 Posted July 27, 2020 Officials in one Michigan county are demanding answers from their treasurer amid concerns that the county could be on the hook for millions of dollars in payments to former homeowners whose properties were seized under a tough forfeiture practice. Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted July 27, 2020 Share #2 Posted July 27, 2020 "There are 14 other states in the U.S. that have statutes on the books similar to Michigan, and five of those states – Arizona, Colorado, Illinois, Massachusetts and Nebraska – allow private investors to make money off the sale of foreclosed homes." I worked on a database for a couple who did this in Illinois. They had to do multiple things to contact and warn the owner and usually took a couple of years to do before they owned the property. However they wouldn't work in one local county as the bidding was fixed and many people knew it. If you gave money to the county tax collector, you won the bid. He and a couple of cronies were finally caught and served a lot of jail time. 1 Link to comment Share on other sites More sharing options...
Randomguy Posted July 27, 2020 Share #3 Posted July 27, 2020 This is horrible! Poor guy, $8 and your house gets taken! There should be plenty of people in jail over this one. Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted July 28, 2020 Share #4 Posted July 28, 2020 "they are forming special investigative committee" 2 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted July 28, 2020 Share #5 Posted July 28, 2020 14 hours ago, 2Far said: Officials in one Michigan county are demanding answers from their treasurer amid concerns that the county could be on the hook for millions of dollars in payments to former homeowners whose properties were seized under a tough forfeiture practice. We have a LOT of unintended - and intended - consequences from various laws on the books. Often ones that are actually routinely used by folks to screw over other folks. The powerful taking more from the powerless (or less powerful). It's sort of "the way of the world", and a whack-a-mole process if we bother at all trying to sort it out. Link to comment Share on other sites More sharing options...
The_Karen_Cooper_Incident Posted July 29, 2020 Share #6 Posted July 29, 2020 https://en.wikipedia.org/wiki/Andy_Meisner Mudkipz Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now