do all of your own research. We recommend researching zoning issues, building issues, and what is currently being assessed on the property by contacting the respective city or township officials where the property is located. These officials’ phone numbers can be found in the County Directory, which is located on the Eaton County website’s homepage at www.eaton county.org.
7. Did I buy everything on the property?
No, you only bought the real property. Real property is generally defined as the land, anything that is attached to the land, and all structures assessed as being part of the real property.
8. When do I take possession of the property?
Do not take possession of the property until you have your deed in hand. If you purchased a piece of property with a habitable structure on it, it is recommended that you execute an Eviction through District Court to ensure you do not have tenant problems. People currently living in any of these properties have rights that you should legally terminate through court.
9. Do I get the mineral rights to the property?
You receive any mineral rights that existed with the property at the time of foreclosure. If the foreclosed property owner had all of the mineral rights then they transfer with the real property to you. If the mineral rights had already been deeded away, then you do not receive any. Any oil and gas leases already in effect will remain valid and in effect. If the mineral rights are a concern for you, you will have to do your own in-depth search.
10. If I purchase a property with a mobile home on it, do I receive a title to the mobile home? NO.
11. Can I obtain Title Insurance on this property?
Title insurance companies may or may not be willing to issue title insurance on your purchased property. While State statute says you receive “good and marketable fee-simple title to the property, ” you may find that some of your local title companies are still not comfortable with insuring these parcels unless you first execute a suit to quiet title action in court.
12. Can I purchase a piece of property that I originally had an interest in?
You may purchase a property that you had an interest in prior to the foreclosure if you have previous approval from the County Treasurer, do not have delinquent taxes on any other property in Eaton County, and pay the minimum bid or higher at auction. This applies to any second offering as well.
Revised 5-29-24
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