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)
Icon

Process Description Additional Details 690.26 KB 218 downloads

...
Icon

Affordable Housing Samples 1.20 MB 232 downloads

...
adminForeclosure List for 2021 Foreclosures of 2018 and prior taxes