Are Land Contracts Legal & Binding in Michigan?

Answer Land contracts, sometimes referred to as contracts for deed, are legal and binding in Michigan. Enforcement is governed by Michigan law, which differs in some respects from the land contract laws o... Read More »

Top Q&A For: Are Land Contracts Legal & Binding in Michigan

Ohio Land Contracts?

One way to finance a home in Ohio is through a land contract purchase agreement. For a buyer with less-than-perfect credit or a low down-payment, the land contract option has its benefits. For the ... Read More »

The Disadvantages of Land Contracts?

Using a land contract to sell a piece of real estate could provide you with the opportunity to attract more potential buyers and move the property quickly. A land contract uses an installment sale ... Read More »

Is a notarized document legal&binding?

A notarized document is not legal and binding upon anyone. A document becomes notarized when an individual swears an oath before a notary that the document is true. The oath itself has legal effect... Read More »

Is a trust a binding legal contract?

A trust is not a contract, but a separate legal entity which holds assets for later distribution. Anything that is transferred to the trust, such as money or property, becomes the legal property of... Read More »