Standard Federal Savings Bank v. Genesee County

In this case of first impression, we decide at what point in time the payment of an additional penalty of fifty percent of the tax upon which foreclosure was made becomes necessary in order to redeem property pursuant to MCL 211.131e(3); MSA 7.190(3)(3). We hold that payment of the penalty under MCL 211.131e(3); MSA 7.190(3)(3) is necessary upon expiration of the redemption period set forth in MCL 211.131c(l); MSA 7.190(1)(1), as extended by MCL 211.131e(l); MSA 7.190(3)(1), and affirm the Tax Tribunal’s grant of summary disposition in favor of petitioner Standard Federal Savings Bank.

The…