Article Posted on 01/22/2019
In 2011, Uri Rafaeli bought a $60,000 house in Oakland County, Michigan. In that year he accidentally underpaid his property taxes by $6.41. Unaware of his error, he continued to pay the property taxes in a timely manner.
In 2014, Oakland County foreclosed on the property and sold the property for $24,500 and refused to remit any of the sale to Mr. Raaeli. Government seizure laws across the entire nation treat all debtors like drug dealers.
Although this sounds unbelievable and rare this has actually happened to one of our clients. Our client had rental property that was managed by a property manager. Due to financial problems the property manager did not remit the real estate taxes to the county. The county then sold the two rental properties.
Watch your mail. This could happen to you. Think about this. If you have older relatives that still live in their homes you might want to remind them.