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Land Contract Attorneys in Flint

Experienced Guidance on Michigan Land Contract Matters

Real estate contracts can be extremely complex and difficult to navigate, especially if you do not have an in-depth understanding of the field of real estate law. When you have to make a decision or go to court about any contractual issue, you need to have an experienced Flint real estate litigation attorney on your side.

At CFlegal, PC., we understand the various problems that may arise and we are here to assist you. We are highly trained and experienced in the field of real estate law and litigation, providing you with the representation you need.

Contact our team today to learn more about how we can assist you.

Understanding Land Contracts in Michigan

A land contract represents an agreement between buyer and seller. In this agreement, while the buyer purchases the property, the seller continues to own the title of the property until meeting the contract's terms. Michigan land contracts must be in writing to be enforceable.

During this time, sellers will continue to pay the mortgage and taxes on said property. The buyer would have use of the property as according to the contract. Buyers would be required to maintain it as an owner would.

Sellers can set aspects to a land contract such as down payments, interest rates and installments. They can also set stipulations in the contract, including a termination clause should the buyer damage or neglect the property.

Some benefits to land contracts for property include:

  • Tax advantages for the seller in receiving installments vs a lump sum payment
  • Regular revenue through the buyer's usage payments
  • Potential ease of sale for the property compared to a traditional real estate sale
  • The option to take back the property through forfeiture if the buyer fails to pay

Our land contract attorneys can go over your options and help determine if a land contract is the best option for your property sale.

Handling Foreclosures & Forfeitures Proceedings

If a buyer reneges on their land contract and you are the seller, you may be able to pursue foreclosure or forfeiture as a legal remedy. Both of these processes can be quite complex, each having its own advantages and disadvantages.

Forfeiture is considered to be easier, more cost-effective, and more efficient. Foreclosure may be more costly and time-consuming, but it can help if you are interested in a deficiency judgment if the buyer is delinquent. Our Genesee County real estate attorney and legal team can help you to make a decision.

We can assist you with the following matters:

  • Representation in court
  • Filling out and filing documents
  • Providing valuable advice

In the state of Michigan, foreclosure and forfeiture of any real estate contract are governed by very strict laws and regulations. There is a specific code that must be followed in order to ensure that the process goes smoothly. If you fail to comply with the procedure, it could lead to serious consequences.

Contact a Knowledgeable Land Contract Attorney

If you are interested in setting up an appointment with our Flint real estate attorneys to discuss your individual matter, call our office now at (810) 292-3115. We are here to answer all of your questions, analyze your options, and discuss the possibilities of settlement. Arrange for a free consultation at CFlegal, PC..

Every Case Deserves Individual Attention Recent Reviews From Clients

  • I have retained the law firm of CFlegal, PC. on numerous occasions & they are always efficient.

    “I have retained the law firm of CFlegal, PC. on numerous occasions over the last several years to handle my landlord/tenant evictions in the Flint area. I have found the attorneys and their staff to be efficient and knowledgeable in handling these matters on my behalf. I would not hesitate to use and/or recommend this law firm in the future.”

    John Fotenakes

  • CFlegal, PC. are very knowledgeable and efficient!

    “I was the previous owner/manager of Quality Rental Management, LLC, a residential property management company and, as such, used the services of CFlegal, PC. to handle my landlord/tenant matters including appearances for non-payment of rent, termination of tenancy matters, as well as procuring Orders of Eviction and coordinating the removal of hold-over tenants. Since selling my interest in Quality Rental Management, LLC, I have continued to use the law firm of CFlegal, PC. as my attorney for other business and personal needs including evictions. I have found the staff of CFlegal, PC. to be knowledgeable and efficient with regard to the execution of these matters and I will continue to use those services if necessary. Curt McIntosh is the owner at McIntosh Building, LLC.”

    Curt McIntosh

  • You made all the difference!

    “I so much want to thank CFlegal, PC. for their help. I needed professional representation to help me with a difficult situation. They were very approachable and listened to my case. With their help my case was dismissed. What a relief. Thank you all for your help. You made all the difference!”

    Mary

  • Thanks for your efforts and hard work on my case.

    “Thanks for your efforts and hard work on my case. Also, thanks to all your staff for their professionalism. ”

    Megan Clark