Michigan Supreme Court Rules Retroactively on Tax Foreclosure Profits

Decision mandates local governments return surplus proceeds from foreclosures prior to 2020 ruling.

Former property owners can now claim profits from foreclosure sales before the 2020 decision.
The ruling could result in hundreds of millions of dollars being returned to individuals.
Local governments may face significant financial strain due to retroactive payments.
The practice of keeping surplus proceeds was deemed unconstitutional by the court in 2020.
The decision affects thousands of former property owners across Michigan.