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Inspired by the Rafaeli v. Oakland County Case
We stand at the forefront of the surplus funds recovery arena, driven by a profound commitment to helping Michigan residents reclaim their rightful assets.
WHY We Do WHAT We DO!
Surplus Proceeds from Property Tax Foreclosures in Michigan
In July 2020, the ruling of Rafaeli, LLC v Oakland County, the Michigan Supreme Court unanimously agreed that foreclosing government units that auction off property to satisfy tax debts must return all surplus proceeds to the title owners at the time of the foreclosure.
The court held that when the county failed to return the difference between the sale proceeds and unpaid taxes, interest, penalties, and fees, they violated the Michigan Constitution’s Takings Clause.
Having concluded that the county committed a taking, this landmark ruling effectively struck down the practice of home equity theft in Michigan. It was a crucial victory over the government’s abuse of power and unjust forfeitures.
In December 2020, the Michigan Legislature amended the General Property Tax Act to create procedures for tax-foreclosed property owners to claim surplus proceeds.
CONFUSING DEADLINES AND PAPERWORK??????
The deadlines and paperwork can be confusing. There are motions that need to be filed with the applicable court to recover proceeds. There are also strict deadlines when those motions need to be filed. One of our partner attorneys at MICHIGAN EQUITY RECLAIM can help you through the process of claiming your surplus proceeds, making sure you have the correct information for your property and meet all of the deadlines.
WHAT ABOUT RETROACTIVE PROCEEDS?
What about properties that went into foreclosure before the Michigan Supreme Court ruling? There is potential for retroactive payments to foreclosed properties that pre-date the court ruling. The General Property Tax Act established a separate procedure for retroactive payments in the legislature. If the Court decides to enforce that ruling, many previous tax foreclosures could receive proceeds from their sale.
GET HELP TODAY!
Given the several procedural requirements and deadlines that must be met to potentially recover surplus proceeds from a tax foreclosure sale, you should seek knowledgeable legal counsel.
That’s where MI EQUITY RECLAIM can help. The attorneys that we partner with are experts at handling property tax excess funds situations.
Contact Us Today
If you have any questions or would like to schedule a complimentary consultation DO NOT hesitate to contact us. We are here to help AND THERE ARE DEADLINES TO BE MET OR YOU LOST YOUR FUNDS!
About MICHIGAN Equity Reclaim
Our Areas of Focus
WE WORK WITH THE BEST LAW FIRMS
WE WORK WITH THE BEST LAW FIRMS
Michigan Equity Reclaim is centered on providing specialized expertise and services related to surplus funds recovery for homeowners in Michigan. Their primary focus includes assisting individuals who have been impacted by property tax foreclosures, especially in light of the Rafaeli, LLC v. Oakland County ruling. We are dedicated to leve
Michigan Equity Reclaim is centered on providing specialized expertise and services related to surplus funds recovery for homeowners in Michigan. Their primary focus includes assisting individuals who have been impacted by property tax foreclosures, especially in light of the Rafaeli, LLC v. Oakland County ruling. We are dedicated to leveraging our knowledge and skills to help Michigan homeowners reclaim their rightful excess funds. WE aid in navigating the legal complexities, advocating for homeowners' rights, and ensuring a fair and just process for the recovery of surplus proceeds.
WE WORK WITH THE BEST LAW FIRMS
WE WORK WITH THE BEST LAW FIRMS
WE WORK WITH THE BEST LAW FIRMS
Michigan Equity Reclaim is proud to collaborate exclusively with the top-tier law firms in the state, ensuring the highest level of expertise and legal representation for our clients. Our stringent selection process involves identifying law firms with a proven track record in property law, foreclosure proceedings, and surplus funds recove
Michigan Equity Reclaim is proud to collaborate exclusively with the top-tier law firms in the state, ensuring the highest level of expertise and legal representation for our clients. Our stringent selection process involves identifying law firms with a proven track record in property law, foreclosure proceedings, and surplus funds recovery. Our "stable" of skilled attorneys have years of experience in the field of real estate law. We have a deep understanding of the Rafaeli, LLC v. Oakland County ruling by leveraging their knowledge and skills to help Michigan homeowners reclaim their rightful excess funds.
TRANSPARENT SERVICE
WE WORK WITH THE BEST LAW FIRMS
TRANSPARENT SERVICE
We take pride in our pride in transparent service that prioritizes clarity, honesty, and open communication throughout the surplus funds recovery process. Clear Communication-Detailed Information-Upfront Information on Fees-Education and Empowerment-.Case Updates-Dedicated Client Support
By prioritizing transparency in every aspect of our
We take pride in our pride in transparent service that prioritizes clarity, honesty, and open communication throughout the surplus funds recovery process. Clear Communication-Detailed Information-Upfront Information on Fees-Education and Empowerment-.Case Updates-Dedicated Client Support
By prioritizing transparency in every aspect of our service, Michigan Equity Reclaim aims to build trust with clients, empowering them to navigate the surplus funds recovery process confidently and successfully.
Contact Us
We stand at the forefront of the surplus funds recovery arena, driven by a profound commitment to helping Michigan residents reclaim their rightful assets.
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