Land Contract Lawyers In Michigan

Mick grewal a licensed real estate broker can help with the development of your land contract.

Land contract lawyers in michigan.

Mcl 600 5701 et seq mcl 554 301 and 554 302 and mcr 4 202 some useful general information about land contracts is available from the legal services of northern michigan website. Land contracts in michigan should contain the home s purchase price and the time and terms for payment. Already the purchaser has failed to make payments and has failed to pay the real estate taxes. Decided to play the bank yourself and now the purchaser is defaulting.

According to legal services of northern michigan a land contract is an agreement for the sale of an interest in real estate in which the purchase price is to be paid in installments and no promissory note or mortgage is involved between the seller and the buyer. Using her 11 years of experience as both a special and assistant attorney general defending the state of michigan laura aggressively represents clients in a wide range of litigation including real estate title disputes construction lien foreclosure as well as complex contract based lawsuits. Statutes and court rules associated with land contract forfeiture proceedings are. If a land contract purchaser defaults on a land contract what is the seller s remedy.

The land contract is its own legal agreement or contract with all the terms and conditions agreed to between the buyer and seller. Our michigan land contract lawyers at grewal law pllc can handle all aspects of drawing up your land contract including the recording of all the proper paperwork with register of deeds in ingham county and the surrounding municipalities. Generally under such agreements the seller is called the vendor and the buyer is. The michigan legal help website and affiliated local self help centers are part of the michigan legal help program.

Let the experienced attorneys from the law offices of aaron d. At a minimum a land contract should list the address of the real estate and the full legal description of the property the purchase price down payment amount the monthly payment amounts and term number of. The program works with judges courts lawyers bar associations nonprofit legal aid agencies legal self help centers libraries and many others to promote coordinated and quality assistance for persons representing themselves in civil legal matters in michigan. Want to sell your property on a land contract but don t know proper legal way to do it.

Homebuyers in michigan don t receive full title to the property until they fulfill all land contract.