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.