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Welcome to the MI Land Bank Fast Track Authority
The State of Michigan Land Bank Fast Track Authority ("Authority") was created under Public Act 258 of 2003 ("Act") with the mission of returning blighted tax reverted properties to productive and economically viable use.
The Act enables the Authority to own, accept and hold property through gift, transfer, and conveyance. It also allows the Authority to manage, sell, exchange, lease, option, renovate, develop, and demolish properties in it's inventory, and furthermore, employ other legal means as prescribed by the Act.
The Authority may dispose of property in a manner and for an amount of consideration that is proper, fair, valuable, and in the best interest of the community. The Authority may borrow money, issue bonds, solicit grants and retain proceeds it receives from the sale or rental of property in order to execute it's responsibilities. It also has the ability to initiate an expedited quiet title action to real property held under Authority jurisdiction.
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Spotlight
Tax Recapture FAQs for Land Banks Frequently Asked Questions for Taxes Collected on Property Owned or Sold by a Land Bank Fast Track Authority
| Legislative Report Biannual Report - Fiscal Years 2005 and 2006
| Property Search A search capability has been added to our growing list of tools to aid in the sale of tax-reverted properties. This application lets any interested party search the Michigan Land Bank Fast Track Authority's inventory of property. Please click on the Property Search button on the menu list on the left-hand side of this page.
Along with the capabilities to search the Michigan Land Bank Fast Track Authority's website, we have also included links to other counties and cities throughout Michigan that have property search capabilities for their regions. |
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