What percent of recorded deeds are sheriff’s deeds? See video of James Dries, as he explains.
One in eight deeds that have been recorded in 2009 are foreclosure deeds.
The number of sheriff’s deed recorded in 2009 lag behind those recorded in 2008. Anticipated 2009 county tax revenues will be about $1,000,000 as compared to $4,000,000 in the recent past, according to James Dries of Washtenaw County. Transfer taxes are not collected on sheriff’s deeds. That combined with real estate price declines account for tax reduction revenues. Will the recent deferral laws stall the foreclosure inventory coming on the market?
Is the market stabilized? Watch for James Dries monthly reports as we do to find out the most recent trends.
What does Lawrence Kestenbaum, County Clerk/Register of Deeds do for Washtenaw County?
Listen to Larry talk about transfer tax and deed recording history. He has a political web site from colonial times to present, you might want to check out.
What else do you wonder? What did you think of the videos?
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