In the state of Michigan, are there laws concerning interest-only land contracts?
There is nothing that prohibits an interest only payment in a land contract, and a balloon payment to pay it off several years later as long as the...
Ann Arbor, MI
Residential real estate Lawyer at Ann Arbor, MI
Practice Areas: Residential, Estate Planning ... +3 more
There is nothing that prohibits an interest only payment in a land contract, and a balloon payment to pay it off several years later as long as the...
First you state that you are the personal representative, appointed, so I am assuming that a probate estate has been opened in the proper court. ...
As the prior counsel added it is not well established from your facts that such will occur. Not only is it possible his will or trust may control...
If there is a will or trust it must be produced, in original, to the court if a probate is opened and copies must be sent to all beneficiaries or...
Assuming the debt on the cards is only of your mother and it wasn't a joint account with somebody else, each party having a card in their name the...
I agree with Mr. Brennan's reply. The other issue that may arise, other than license penalty, is that of insurance and your being a resident or...
There is no reason that interest only payment can't occur on a Land Contract if the parties agree on such. If the seller needs the funds it may...
Many times such items are only found at closing, or after. However, the HOA documents, or at least the original set, is recorded at the County...
I believe we have two different items here in terms of timing that lead to this question. If the home was purchased for the mortgage amount at the...
This is specific to what the written contract says, and what was agreed to. Ask them to send you a written contract, showing that acceptance or...