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Fri November 23, 2012
8,000 Genesee County properties head to foreclosure
FLINT, Mich. (AP) - With just three months remaining before winter tax payments are due and with about 8,000 parcels rolling toward tax foreclosure in April, Genesee County treasury officials are ramping up programs aimed at keeping people in their homes.
The county Land Bank already has 9,500 parcels of land to maintain after three straight years of at least 2,300 foreclosures. That's after selling 500 foreclosed parcels earlier this year.
The Treasurer's Office, which forecloses on properties before transferring ownership to the Land Bank, has offered foreclosure prevention program since the Land Bank was created nearly 10 years ago.
The program lets homeowners make payments on their tax debt without losing their property. MLive.com reports the program kept nearly 1,000 occupied homes out of the county's inventory this year alone.
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