The Supreme Court has rejected a Michigan homeowner’s push to conduct tax foreclosure sales on the open market, increasing the profits that owners receive after authorities use the sale proceeds to resolve a real estate tax balance. Michael Pung lost his home after failing to pay $2,241.93 in property taxes. To recoup the balance, Isabella County’s tax authorities initiated foreclosure proceedings and sold the Pung home via auction for $76,008 — well below the $194,400 assessed value.