Foreclosure List for 2021 Foreclosures of 2018 and prior taxes

Process Schedule, all relevant documents linked below.

  • Purchase Proposal Form
    • Name
    • Address (and proof – see form)
    • Phone
    • Email
    • Proof of funds Included/attached: Recent Bank Statement, Bank Letter of Credit or Guarantee, Cashiers Check for full amount
    • Acknowledgement of Terms
  • Terms List – Overview
    • Limitations: Muskegon Heights Residency; 1 Proposal Permitted per Person unless Cashiers Check Provided w/Proposal
    • Total Funds Required for purchase
      • $ Amount Proposed (minimum of amount paid to County)
      • $ Prepayment of 3 Years future estimated taxes (based on estimated current unimproved value – see col 1 prop List)
        • Note: if and when property is improved, actual tax assessment may be higher than estimated amounts
        • Note: if actual tax assessment amount is higher than estimate then any balance not covered by prepayment will be owed by buyer.
      • $ Admin/Processing Fees
    • Must show proof of the Total Funds Required for the Purchase WHEN submitting the proposal form
      • Recent Bank Statement, Bank Letter of Credit or Guarantee, Cashiers Check for full amount
    • Must make request and payment for sales inspection within 14 days of EPT
    • Must perform cleanup of property and secure structure within 30 days of execution of purchase transaction (EPT)
    • Must, per Building Offical direction, adequately address exterior property deficiencies to site and structure within 60 days of EPT
      • $45/day fine for failure to complete, unless extension granted
    • Commitment to maintain property during rehab according to terms
    • Commitment that property will be Owner Occupied and NOT a Rental (minimum 5 years from C.O.)
    • Commitment to use local labor and materials when/where possible
    • Commitment to do or engage a Reaching New Heights – local home buyer incentives programs :
      • Down Payment Assistance
      • Credit Repair
      • New Owner Mentorship (1 to 3 yrs)
    • Execute Legal Documents
      • Quit Claim Deed to City (in case of default)
      • Power of Attorney (in case of default)
adminForeclosure List for 2021 Foreclosures of 2018 and prior taxes