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Property Foreclosure Timeline for Tax Year 2006:
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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.
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October 1, 2007 - $15 fee was added to each unpaid parcel.
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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.
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October 2008 -- Properties will be visited and posted with Circuit
Court hearing notice. A fee of $20 will be added on October 1,
2008.
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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.)
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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.
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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.
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