Real Estate Planning
Planning for your Real Estate Investments
Whether you are looking to protect your home, family cottage, or other real estate investment, we offer a variety of planning services.
Warranty Deed
Quit Claim Deed
A Quit Claim Deed transfers ownership immediately, but offers no protections or guarantees for the new owner. This deed is often used among family members.
Ladybird Deed
A Ladybird Deed allows the current owner to retain ownership, but also name a beneficiary to their property upon their passing. This deed is not accepted in every state.
Mortgage
A Mortgage can be used to hold a security interest if you loan someone money to purchase real property. A Mortgage is used in connection with a Promissory Note.
Promissory Note
A Promissory Note is a legally binding contract that outlines the terms of repayment when you loan someone money. A Promissory Note is often used in connection with a Mortgage if you loan someone money to purchase real property.
Land Contract
A Land Contract can be used to buy or sell property without obtaining a mortgage or financing. This contract provides for payments of principal and interest to the current owner until either a large balloon payment, or until the monthly payments are made in full.
Lease Agreement
A residential or commercial Lease Agreement is a legally binding contract that outlines the terms of use for property.
Purchase Agreement
A Purchase Agreement is a legally binding contract that can be used to outline the terms of the sale/purchase of residential or commercial real estate.
Property Transfer Affidavit
A Property Transfer Affidavit is required in Michigan any time there is a real estate transaction being performed. This document is filed with the local city, township, or village Assessor.
Principal Residence Exemption
The Principal Residence Exemption is an election that a homeowner can make on one property in Michigan that reduces or eliminates certain taxes that are levied on real property.
Transfer Taxes
In Michigan, state and/or county transfer taxes may be assessed on real estate transactions if there aren’t any applicable exemptions.
Foreclosure/Forfeiture
Foreclosure or Forfeiture is the legal process of terminating either a Mortgage or Land Contract because one of the Parties hasn’t fulfilled their legal obligations.
Disclaimer
The information contained in this website is provided for informational purposes only and should not be construed as offering legal advice or creating an attorney-client relationship between the reader and the attorney. You should not act or refrain from acting on the basis of any content included on this website without seeking appropriate legal advice from an attorney licensed in your state.