Land Contract Lawyers In Michigan
Do you have legal questions about Michigan Land Contracts?
Do you have a matter regarding forfeiting a Land Contract?
Our expert attorneys are here to help you!
What is a Land Contract?
A land contract is one form of financing the purchase of real estate. Essentially what happens is that buyer agrees to purchase the property, makes a down payment at closing on the property and agrees to make installment payments to the seller until the full purchase price has been paid. In the meantime, seller retains the deed to the property.
Why Would I Need a Real Estate Lawyer?
There are a lot of issues that need to be considered before entering into a land contract regardless of whether you are the seller or the buyer. For instance, who will assume the duty of paying property taxes. In many cases, it is the seller’s obligation. What if the seller fails in this regard? What happens in the event buyer is unable to continue making installment payments? Does buyer forfeit the property and the payments that have already been paid? In most land contracts, the buyer would. Who is on the hook for providing insurance? As you can see there are a lot of issues that can pop up in the sale of any home or property, but especially with a land contract because these agreements tend to favor the seller over the buyer. If you need a land contract drafted, modified or forfeited, it is imperative that you contact an experienced attorney to help point out lingering issues that may not show up within the four corners of the document at issue.
Contact an Experienced Contract Attorney Today
Do you have questions about regarding the forfeit of a Land Contract? Are you in the process of buying or selling real property in Michigan, you need to contact Goldman & Associates for a free initial consultation. We are attorneys experienced in real estate transactions, and we can give you the information you need to make a well-informed decision on what kind of financing makes sense for you or whether the terms included in a purchase agreement or financing document are reasonable. We can also help you in the event that the other side breaches their duties as created by the purchasing documents. Contact us today at 877-737-8800.
Get help with your land contract or a forfeit legal matter
If you find yourself needing to sue on a land contract, forfeiting a land contract or if you have been sued for breaching one, you need to contact Goldman & Associates today. Our attorneys are experienced in real estate transactions and the law. Call us today for a free consultation at 877-737-8800. Our expert Real Estate attorneys can help you today with your legal matters.