|
|
Property Foreclosure Timeline
for Tax Year 2006:
-
March 1, 2007- Unpaid 2006 property taxes were forwarded as
delinquent to the County Treasurer. 4% administration fee and 1% per month
interest was added.
-
October 1, 2007 - $15 fee was added to each unpaid parcel.
-
March 1,
2008- Property was forfeited to County Treasurer. The following fees
were added:
-
$175 title
search fee
-
$10
recording fee for forfeiture certificate
-
$10 recording fee for redemption certificate
-
Interest increased from 1% per month to 1.5 % per month retroactive to
date the taxes became delinquent. (net result: 7.5% interest is added)
-
Additional interest, recording and service fees will accumulate
throughout the succeeding year, including, but limited to, the fees
listed below.
-
October 2008 -- Properties will be visited and posted with Circuit
Court hearing notice. A fee of $20 will be added on October 1, 2008.
-
November
2008-- Certified notice of foreclosure hearing will be mailed to all
owners of interest. A fee of approximately $6.50 per notice will be added
to each parcel. Because of legal requirements that spouses each receive a
separate notice, parcels average 2-5 notices each ($13-$35 fee will be
added November 1, 2008.)
-
December
2008 -- Property addresses, legal descriptions, and the names of all
persons having an interest in any delinquent properties will be published
in The County Press or LAView. A fee of $60 will be added December 1,
2008.
-
February
2009 -- Circuit court hearing is held. Court will enter a judgement of
foreclosure.
-
April 1,
2009 -- On this date, clear title to the property passes to the county.
YOU CANNOT GET IT BACK!
-
Summer 2009
-- property is sold at public auction.
BACK
TO HOME
|
|