A friendly Reminder

Can governments, or those who work for them, make money from foreclosures on people’s homes? What are the fiduciary responsibilities of public servants in cases of foreclosure? Eight citizens in Oakland County Michigan are suing to answer just those questions. We all recognize that property can be foreclosed on for failure to pay a tax debt. What happens when the value of the foreclosure is greater than the debt owed? A case out of Michigan, recently appealed to the Sixth Cir